Dave and the list,|
The story of Dow and its dioxin contamination is a prime example of the limitations of regulation.
Regulation is needed to establish standards.
But what corporations like Dow truly understand is money.
In the capital marketplace, with their customers and the diverse communities Dow is part, a broadbased corporate campaign that made Dow bleed financially until they came to the table and fixed this problem is the only thing, in my experience, that will work.
All the nice commercials about "human chemistry" aside, we are in a fight for our future in Michigan.
Corporations -- that refuse to take public responsibility for their actions, that abuse and manipulate the regulatory process to enforce their wishes, that buy and sell political cover and protection, and hide behind the legal designation of the corporation as "an individual" with all the rights of each of us -- need to be held financially accountable.
If we don't take the actions we need to rectify this chemical obscenity and just say, we tried. We followed the regulatory rules and we tried, then we are in a co-dependent relationship with a bad corporate actor - hoping that next time it will be better.
It will change only if we make it change.
Dow has no special privilege in the capital markets. And European and other capital investors are increasingly wary of the kind of thuggish liability a corporation like Dow accumulates, when the record is brought to their attention.
It is time for us to hold Dow accountable.
On Jan 6, 2008, at 12:13 PM, Dave Dempsey wrote: