Evil corporate culture, tip of the iceberg?

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Large enterprises often fail to respond effectively when facing challenges. Professional people find it difficult to say that they may have been wrong. Passing the buck is a primary defence for responsible persons. Protecting the enterprise and its managers is more important than dealing fairly and truthfully with the public. Any innocent party damaged by wrongful acts is acceptable collateral damage.

It took a very long time and extraordinary public outrage before the UK government decided to allow a competent examination of the post office scandal. If transparency were an absolute principle, fewer scandals would arise.

Not worried about climate change?

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Environmental Defence Canada says climate change is one of the main reasons why food prices are increasing. There are other factors too, but some of the prices in 2024 are shocking. Today I paid $16 for a small basket of BC raspberries and $1.50 each for local corn. Earlier I noted red onions at $3.50 a pound…

“After all, we only did what we had said we would do…”

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All senior public servant involved in the approval or management of megaprojects that consume vast sums should demonstrate detailed knowledge of Professor Flyvbjerg’s work. Many works would not be approved and billions of dollars would be saved. Of course, our approaches to management of megaprojects will not change. Political leaders have half-heartedly addressed widespread concerns about fiscal irresponsibility and the influence of lobbyists. That is, if they have addressed the concerns at all.

Over budget, over time, over and over again. Quelle surprise!

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The United Kingdom’s National Audit Office said about a nuclear energy megaproject that was to cost C$35 billion and now looks to be costing more than C$80 billion, years after initial completion: “[Government] has committed electricity consumers and taxpayers to a high cost and risky deal in a changing energy marketplace.” The NAO message is almost exactly the arguments raised about British Columbia’s Site C hydropower project her at IN-SIGHTS and by others demanding that public projects deliver value for money.

Shaping the news

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The reality is that media filters reality instead of reflecting it. In authoritarian regimes, control of communication has always been a primary consideration and news is shaped to further the interests of the powerful. The same can be said in corporatocracies. Shaping the news will be more problematic as use of artificial intelligence expands. That is not good for social democracy.

Corus Entertainment update

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Days ago, I commented on the share price of the company that owns Canada’s Global Television Network and numerous broadcasting outlets in Vancouver and elsewhere. Stock in Corus Entertainment Inc. (TSE: CJR.B) that was once priced above $25 traded last week for 24 cents. The last few days have not been good for people invested in holding Corus. The stock closed at 15 cents on June 18, 2024…

If you fail, fail big

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The law is equal before all of us; but we are not all equal before the law. Virtually there is one law for the rich and another for the poor, one law for the cunning and another for the simple, one law for the forceful and another for the feeble, one law for the ignorant and another for the learned…

Poo in the water — ethical pension fund investments not a priority

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Over 40 percent of Thames Water, a troubled utility company in the United Kingdom, is owned by OMERS and BCI. These are two of Canada’s biggest public pension fund managers. The British utility is facing regulatory scrutiny and penalties for sewage leaks that require a financial bailout. Investors refused a request by Thames for more than £3 billion ($5.2 billion). Ontario’s OMERS has written down its Thames investment to zero. Presumably, British Columbia’s BCI has done the same…

Who funds think tanks, and why?

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An organization in the United Kingdom aims to identify funders of think tanks that work to influence public policy. While the group’s focus is on the UK, it is a safe bet that political operatives and large organizations use their financial resources to achieve similar objectives in Canada and other nations…

Build—maintain—lose

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The possibility of Corus Entertainment Inc. disappearing may astound people. However, there is a common pattern following intergenerational transfers of business interests. Reuter’s Chris Taylor reported: 70 percent of wealthy families lose their wealth by the second generation, and a stunning 90 percent by the third…

Triangulate your information

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Ali Velshi is a journalist often seen on MSNBC. Promoting a new book, he appeared on NPR’s Fresh Air. The program covers much ground and is worth our attention. The end segment resonates since it cautions us to know the difference between news and nonsense…

Racing toward danger

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MIT’s Dr. Peter S. Park and academics associated with the Center for AI Safety examined deception by Artificial Intelligence. They conclude that increased capabilities of AI pose a serious risk and computers are now capable of inducing false beliefs and encouraging harmful outcomes…

A day in the life

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I was planning to write about the dangers of unregulated artificial intelligence, but ChatGPT told me that AI is not inherently dangerous. So I’ll leave that subject for another day. Besides Monday was too good a day for pessimism…