Wednesday, March 24, 2010

How Powerful Is Samsung?

At least one person thinks their power is beyond control of their home country's government.

A campaign is currently being run to boycott Samsung because of certain illegalities taken by the government toward the company, in order to help it prosper.

From the story:

'When the Samsung management scattered about a slush fund of astronomical proportions, government organizations repaid the debt of gratitude by covering up all manner of illegalities and improprieties. The autonomy of a modern state “ruled by the authority of law” came crashing down. The fact that so many calls for direct action through a Samsung boycott campaign have erupted, chiefly through the Internet newspaper Pressian, can be attributed first and foremost to the rage citizens feel about being betrayed by the state.'

'Without a doubt, the illegalities and improprieties of Samsung’s management, their accounting manipulation, tax evasion and labor exploitation will be even more untrammeled in the future. The only source left for the power to contend with the omnipotence of Samsung, a conglomerate that does not even have a labor union, lies with the consumer.'

So here's a question to anyone who might be more familiar with this than I: How different is this from the US government bailing out the major financial institutions after they squandered the public's money and cooked their books???

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