Senate Bill To Prohibit Extra Charges For Internet
xoip writes "A report in the The New York Times states that 'Senator Ron Wyden, Democrat of Oregon, will introduce new legislation today that would prohibit Internet network operators from charging companies for faster delivery of their content to consumers or favoring some content providers over others.'"
Even the most successful and important companies are run by a leader or core group of leaders with vision, charisma, will, etc. These people determine the direction of the company as a whole and thus dictate the company's ethics and morality. That's why I think it is wrong, in a practical sense, to say that companies have no morals. They have the morals of their leaders.
Consider the near-demise of the bond trading company Salomon Smith Barney in the nineties. When it was led by risk-loving, gambling ex-trader John Guttfreund, the employees gambled with the company by skirting (and crossing) the moral and legal limits imposed on it. It was caught and was nearly wiped out by the Justice Department. When Warren Buffett took over the reins it became an upstanding and moral company almost overnight, and remained so under the leadership of the man Buffett hand-picked to lead afterward.
Likewise there are numerous examples of companies that act very morally, for example Patagonia, Ben and Jerries, or Malden Mills. They enact the morals and ethics of their founders and leaders.
In this respect I do agree with you that companies make excellent barometers--they can be powerful mechanisms for amplifying the decisions and morals of those the people lead them, yet they are susceptible to public influence. They can therefore serve as mirrors of their customers and the public who are aware of them.
The problem is that they are not instantaneous mirrors. In fact there is a pretty significant delay in corrections. Stories like Enron IMO do not illustrate a failure of the system, but rather illustrate the system working properly--just slowly. After all, the executives did get caught and the company suffered (essentially) a death penalty. However there was a pretty significant delay between the immoral acts and the societal response.
One of the toughest things for humans to deal with cognitively is a delay between action and effect. In one psych study people were given the task of adjusting a thermostat to keep a steady temperature in a refrigerator as it was opened and closed. They did not have too much trouble with it until lag was secretly introducing into the system. This created chaotic oscillations as the participants continually over-compensated. More revealing, none were able to correctly deduce that there was a uniform delay at work. To them it simply seemed like the system was acting erratically and unpredictably. Thus so can the oscillations seem between morally right and immoral corporate behavior.
The solution to some is legislation, in part because it is thought to be a fast and sure way to solve a problem the market does not seem to be able to (at least not yet). However legislation is its own messy system of delays and is neither fast nor sure. No bill passes without extensive compromise and complexity, and no meaningful legislation is implemented effectively without first passing through many rounds of interpretation and litigation.
Legislation also is inflexible in that it is a permanent solution. It can only be replaced or revised except through the same tortuous process that produced it in the first place.
Build a man a fire, he's warm for one night. Set him on fire, and he's warm for the rest of his life.