perceptions_now
Gold Member
   
Offline

Australian Politics
Posts: 11694
Perth WA
Gender:
|
Foolosophy wrote on Mar 29 th, 2011 at 7:37pm: perceptions_now wrote on Mar 29 th, 2011 at 4:43pm: Foolosophy wrote on Mar 29 th, 2011 at 4:16pm: muso wrote on Mar 29 th, 2011 at 4:05pm: perceptions_now wrote on Mar 29 th, 2011 at 3:28pm: If you are taking about something relatively small, then that would usually be picked up by individual businesses.
However, depending on the organization, even then they may well be able to pass the costs onto the public.
That said, once these events move into the size of a Katrina hurricane, Australian Floods, Christchurch earthquake, Japanese earthquake/tsunami/nuclear & the daddy of the all, the current GFC, then the Public are the ones who wear the final costs.
The final GFC bailout costs that the Public will pay for, will be counted into the many Trillons of $'s or Amero's or Renminbi or Amchindia$ or whatever the Global currency reverts to, after the US$ collapses.
I would be surprised if, TEPCO is not bailed out by the public purse, in one way, shape or form and therefore that Public pays!
[/b] TEPCO is not exactly strapped for funds. I wonder why? Funny how even though these big Corporations are pulling in enormous profits they still feel its valid to falsify safety reports to the international and Japanese Atomic regulatory bodies. In the corporate world, the worker is an expense item - a consumable, an item that needs to be minimised on the annula balance sheet. The CEOS however are corporate assets and must be funded and fondled to the very limit. This is the Corpocracy that we are enslaved by. And the corporation also externalises its detrimental effects on humans, society and the environment. In fact these are referred to as "externatlities" on their balance sheet. The worse that can happen to a corporation is that it is consumed by another or ti disolves onto receivership so as to avoid paying its shareholders the money they invested. The corpocracy continues I'm sure there's more than one way to pluck a duck!
The duck being the public.
But, a way will be found!
Perhaps, the Japanese government may do a Freddie Mac and put TEPCO into " Conservatorship" or "guardianship" or something similar, which is just another way of saying the government (read - the Public) will guarantee liabilities, to enable the business & the government, time to sort out of its current mess.
Btw Muso, TEPCO is quite a large business, but it also now has large liabilities & it may quite possibly have to write off a large asset, shortly, that being the Fukusima plant and funding is going to become more difficult. As we speak the Japanese government is considering whether to NATIONALISE the Fukushima nuclear power plant company.I wonder why? It must be for all the profits that it will make in the future, A great deal for the Japanese public hey folks? Corporatise/privatise PROFITS and socialise risk and losses That is the CORPOCRACY MODEL that enriches the few and empoverishes the rest. The GLobal psuedo-captalist system is a fraudulant Fascist tyranny Obama showed that when he nationalised GMH in the USA and effectively became a 60% majority share holder. Interesting how ehn the GMH shares were refloated recently the USA had a 30% cut in the company. LOL We will see, but as I said, there is more than one way, "to pluck a duck"!
|