Showing posts with label Corporate greed. Show all posts
Showing posts with label Corporate greed. Show all posts

Friday, September 21, 2007

Q and A

Question: Why wouldMattel apologizes to China over recalls?
BEIJING - U.S.-based toy giant Mattel Inc. issued an extraordinary apology to China on Friday over the recall of Chinese-made toys, taking the blame for design flaws and saying it had recalled more lead-tainted toys than justified.


Answer: Oh yeah.
Li reminded Debrowski that "a large part of your annual profit ... comes from your factories in China.


Of course, it isn't just the big bad Chinese that are bent on harming our children. Global monolith corporations take advantage of our federal protection of the risky foreign investment and have no qualms about using Chinese slave labor to boost their insane profit margins.

Design flaws? How about greed?