A. Capitalism: Page 394; An economic system built around the private ownership of the means of production, the pursuit of profit, and market competition.
Grace mining is a for profit corporation. So much so, they found the need to keep quiet about the potential health hazards of working for their company. This corporation formed in 1919, and even though the corporation knew of the health hazards. They allowed their employees to become sick with lung diseases. By their ignoring these health hazards, they are now operating in another country where people are even less apt to pay attention to the health risk of working for this company. This corporation has little to no regard for their employees, so little regard that they will literally kill their employees with life threatening illness just to turn a profit.
B. Corporation: Page 400; A business enterprise whose assets, liabilities, and obligations are separate from those of its owners; as legal entity, it can enter into contracts, assume debt, and sue and be sued.
Because this business holds the status of a corporation, they could be sued for the injury done to their …show more content…
For instance, the doctor hired by the corporation told one employee that he had developed a heart condition and prescribed him heart medications. When in fact the patient was suffering from a lung disease. The employee believed this doctor about his condition. Until at the time of his daughter’s urgings, he went to see another doctor and was told by his new doctor that he had a life sentence hanging over his head. The doctors that were hired by the Grace Corporation depersonalized the people working for the corporation for the sake of the money that they were paid to keep the lung disease quiet. In a sense, the doctors hired by Grace helped to kill several of the Grace
Grace mining is a for profit corporation. So much so, they found the need to keep quiet about the potential health hazards of working for their company. This corporation formed in 1919, and even though the corporation knew of the health hazards. They allowed their employees to become sick with lung diseases. By their ignoring these health hazards, they are now operating in another country where people are even less apt to pay attention to the health risk of working for this company. This corporation has little to no regard for their employees, so little regard that they will literally kill their employees with life threatening illness just to turn a profit.
B. Corporation: Page 400; A business enterprise whose assets, liabilities, and obligations are separate from those of its owners; as legal entity, it can enter into contracts, assume debt, and sue and be sued.
Because this business holds the status of a corporation, they could be sued for the injury done to their …show more content…
For instance, the doctor hired by the corporation told one employee that he had developed a heart condition and prescribed him heart medications. When in fact the patient was suffering from a lung disease. The employee believed this doctor about his condition. Until at the time of his daughter’s urgings, he went to see another doctor and was told by his new doctor that he had a life sentence hanging over his head. The doctors that were hired by the Grace Corporation depersonalized the people working for the corporation for the sake of the money that they were paid to keep the lung disease quiet. In a sense, the doctors hired by Grace helped to kill several of the Grace