Keyword: corporate greed

Madoff and the Flaying Trust in Capitalism

Picture: masternewmedia.org Saliem Fakir - Every-time capitalism is hit by a crisis it is described as being an errant event. The latest scandal which has rocked the US financial sector, where trusted and the likeable figure Bernie Madoff ran a Ponzi scheme for almost two decades, is once again dismissed as the work of a rogue element. But rarely will the pundits of the new economy, which rely on the use of innovative speculative financial instruments to make inflated profits from thin air, blame its faulty free market philosophy and...

The Role of Corporations and International Financial Institutions in the Congo Conflict

Maurice Carney of Friends of the Congo contends that corporate interests drive all decision-making in Congo. Quoting from research conducted by the International Rescue Committee and NGO Global Witness, Carney names American and Canadian companies involved in the plunder of Congo. The IMF and World Bank are also implicated in reports that reveal how their conditional loans further exacerbate the conflict and the suffering of the Congolese people. Nita Evele of Congo Global Action sheds light...

Plundering the Congo

Suffering from a resource curse, Congo is rich in gold, uranium, diamonds, platinum and coltan (used in small electronic devices such as cell phones). Investigative journalist, Wayne Madsen argues that Congo has become a playground for unscrupulous multinational corporations linked to various intelligence agencies -- in part one of an interview conducted by the Real News Network. To watch part two of the interview, please click here.

Ida Tarbell's Warning: The Foul Ethos of Corporate Culture

Picture: www.explorehistory.com Saliem Fakir - Ida Tarbell is long forgotten and very few know of her. Tarbell left us with a seminal work -- a piece of investigative journalism that led to the publication of the first expose of the doings of the Standard Oil Company. She carved a new style of investigative journalism in which personal ethics played a big role. Tarbell was also a feminist and undertook some insightful appraisals of the working of corporations and the business world. Tarbell was one of the few brave investigative...