"A global economy purely run on greed. Consumer greed, company greed and market greed."Found this posting by another blogger when i was trying to find a picture on "GREED"
In the month of September 2008, catastrophic news from 2 corners of the earth shook the rest of the world... and sets everyone thinking Man's insatiable greed and when will we ever learn from history?:
(1) the extent chinese businessmen would go to to earn an extra dollar without any conscience!
Was that pure ignorance that they didn't know the harmful effects of melamine on young babies who rely on the formula milk for their daily meals? But yet they are resourceful/sophisticated enough to anlayze that adding melamine helps to fake the protein contents in the raw milk?? They must have their own children/nephews/nieces, ya? Sometimes, i can't help but onder if the communist past meeting the shift to capitalistic society has unwittingly created new generations of greedy people hungry for material wants and success?
The tainted milk saga has since spread to other food products that has tainted milk solids as ingredients. Thank goodness, having worked in Fonterra before, i understand its supply chain and production process and am assured that their products are using 100% NZ raw milk ingredients, and will faithfully buy Anlene, Chesdale Cheese, Anchor butter, and its stable of power brands. The most ironic thing is... Fonterra has never actively promote its infant formula or attempt to capture a market share of this lucrative segment. It has always advocate WHO guidelines and believe that mother's breastmilk is the most nutritious for the babies (that's why focusing on maternal mother's health with Anmum brand). Yet, its the infant formula of its Chinese JV partner that got into trouble... *bleah*
(2) the extent the hotshot wall street bankers and greedy investors speculate in the money markets, property markets, commodities markets, until the bubble finally burst.
Absolutley not sympathetic for the banks that went bust, and those bankers who lost their jobs. They lived the high life when things were 'boomtown charlie'.The spate of bankrupties and bialout plans by central banks in Europe and USA, these past 2 weeks seem surreal... and reports by the media did not let up on playing up "FEAR" into the rest of the world, making everyone jittery. I'm just very concerned of the rest of the world, those ordinary folkz who are already struggling to make a decent living and now being struck by the ripple effects of the credit crisis. :(
Hmmm... it seems like the world has SHRUNK... everyone's impacted by (1) and (2) one way or the other..
No comments:
Post a Comment