Nine Worst Business Stories of the Last 50 Years
Posted on April 22nd, 2008 by bile Categories and Tags: Uncategorized, Business & Media Institute, death, economics, environment, fraud, politics, pollution, your moneyhttp://www.businessandmedia.org/…
Some of the toughest obstacles American businesses face come not from other companies or the economy, but from the media – journalists exaggerating an issue to make a story sexier or anti-business groups influencing the media to advance their agenda. Four of the stories on the following list started with a press release or report from an environmentalist group, labor union or “consumer group.”
Those exaggerations or manipulations resulted in lost jobs, lost revenue, unfounded health scares, unnecessary government intervention, and even deaths. The Business & Media Institute has compiled a list of the nine worst business stories (of the last 50 years).
If we had a loser pays court system we’d have a lot less of this. The socialist court system mitigates the cost of suing and therefore encourages a sue happy system. It’d be nice if ostracism was a tool the businesses would use to get back at those who make false statements. I wonder if there is a reason they don’t. As you can see with the DDT issue when the government acts and does so incorrectly many people are affected and in this case likely died as a result.
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