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Politics : PRESIDENT GEORGE W. BUSH

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To: Nadine Carroll who wrote (133831)3/28/2001 2:43:25 PM
From: Neocon  Read Replies (3) of 769667
 
You are already assuming too much. The issue is usually one of fighting the imposition of costs, and thus not making money, but saving money, which is the corporation's fiduciary responsibility to shareholders, among whom are pension funds, insurance companies, and other institutional investors that tend to spread the wealth. You are assuming that what is often a matter of indifference to the majority of citizens, or, in any case, one that benefits them marginally, outweighs the harm done to the corporation and its shareholders through aggressive regulation. You are assuming, in general, that the corporation is acting against the public interest, and merely for "selfish" ends, and thus that one cannot legitimate its activity as commentary on matters of policy. However, the principle that anyone has the right to defend his interests or the interests of those he represents is bedrock, and it cannot be assumed that the public interest and the interest of a substantial economic enterprise are necessarily at odds. You are hoping to write bias into the law......
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