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Wednesday, April 28, 2010

The ethics of gas-guzzling

Congress, Goldman Sachs and the ethics of gas guzzling. Who is responsible for America's foreign oil dependence?Who is responsible for the consequences of our actions?

Somehow I lost about 9 hours yesterday watching Goldman Sach's testimony. Wow. What a circus.

Anyway, ethics was a big theme at the Goldman grilling, and subcommittee Chairmen Carl Levin essentially called Goldman's recent profits, and the bonuses those profits created, unethical. Since, Levin's focus on ethics has been ringing in my head.

For instance, as a staunch advocate of the Big 3 - and a protector of the gas-guzzler - I cannot help but wonder about the ethics of Mr. Levin. Was it ethical, for example, for Levin to habitually protect an industry that could only compete in the American market if it produced the biggest gas-guzzlers, despite very early and significant evidence that highly profitable SUVs would lead to outrageous road deaths, increased pollution, and much greater foreign oil dependence?

Furthermore, even after events like Katrina and 9/11, did the Michigan Congressional delegation, including Levin, begin to demand more of their hometown industry? Did they dare to lead America, to do the right thing, even if it meant a short term loss of profits? Of course not. Instead, companies like GM rolled out upgraded versions of their largest gas-guzzlers as survivors sifted through wreckage from the World Trade Center.

Ethical?

Obviously, this question of ethics extends far beyond Goldman and Michigan and onto the driveways of many Americans, for instance. And, Mr. Levin was right to hammer down on ethics. Yet, the real question seems to be, can you even legislate ethics, particularly when even most legislators, like most Americans, seem to have regular and significant ethical lapses.

Labels: Big 3, Congress, Foreign Oil Dependency, gas guzzlers

posted by Dahcredyns at 8:11 AM

6 Comments:

Blogger Noz said...

Levin calls it unethical?

Why don't they call Goldman by what they really are...a bunch of white collar charlatans and crooks.

These corporations have the congressmen in their back pockets....this is a charade and a fake hearing.

Nothing comes out of things like this and if even one person goes to jail, it's a token gesture to keep the general public in line.

These people don't care one iota about the people or the general public..they only care about lining their pockets and gaining power and control. It's that simple. If companies like GM really cared, they'd not be selling all the garbage they sold us now to China.

Their excuse...people want them. What bullshit.

12:29 PM  
Blogger ZenDude said...

What about the oil leak in the Gulf? Where's the ethics in that? We keep destroying our planet so we can drive around in gas guzzlers!

1:39 PM  
Blogger Smurf said...

I think you have a good point.

Business is about making money.

Companies profess to have good ethics and care about issues like the environment, and foreign oil dependence only to the point when those issues affect whether customers buy their products.

As far as ethics vs. leagality.

Is it realistic to expect companies to refrain from making, or Americans to refrain from using gas guzzlers just because of the foreign oil dependency and environmental impact issues? Should you legislate such behavior?

The best the government can do is to create high fuel economy and emissions standards and to create incentives for efficient vehicles via gasoline taxes and tax breaks for more efficient vehicles..........

1:44 PM  
Blogger Smurf said...

Amen Zen Dude.

It always takes an incident like the gulf oil rig explosion to remind us that you are putting the environment at risk by extracting oil from offshore drilling. No matter how many precautions you take, you will eventually have a spill.

"Drill baby drill" has consequences....

People forget that it was an oil spill in the late 1960's that closed all offshore drilling off US Pacific coast.

We've been pretty lucky in the Gulf, considering all the hurricanes we get. It is amazing there wasn't a major spill before this.

1:53 PM  
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