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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (44926)1/7/2009 6:46:13 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 217578
 
TJ, you are right that the corporate culture of NZ is lacking and tends to the self-serving, criminally negligent, and all too often outright criminal.

In the Sanlu instance, Fonterra's fault was treating people in China as human when they clearly are not. It is highly unlikely that somebody in NZ would put melamine in milk. That is inhuman.

In NZ law, people committing the crimes are the criminals. Assuming people will not be criminals is not normally a criminal offence.

One only needs to visit China for a short time to understand that it's a culture of "fake" to grab the money from the unwitting.

As ElM says, NZ is a "glass of milk" culture where people trust each other and reasonably so, more or less, for the most part, sort of, caveat emptor and all that. The average Kiwi would find it astonishing that anyone would put contaminants in milk deliberately, let alone poisoning infants. I, in my jaded experience, am more cynical.

Indeed: <the criminality aspects of nz settlers shows, according to your theory, yes? > Most people vote to take OPM by force of arms by the government for redistribution to themselves. It's a cultural norm, though not one of the settlers who were individualistic self-sustaining Protestant work ethic independents. You are perhaps confusing criminals deported to Australia with voluntary settlers coming to NZ.

Fonterra and their shareholders are of government monopoly mindset, the aim to get OPM by establishing a government enforced monopoly - with the results now apparent.

Mqurice
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