The Koch Brothers' contempt for the communities and workers impacted by their reckless and polluting corporation has been well documented.
At the same time, plaintiffs' lawyers say that Mississippi is one place where poor people can hold big corporations accountable for reckless behavior that puts a higher value on profits than on health and safety.
When corporations engage in reckless behavior and investors suffer the consequences, the market for risk undergoes reverse peristalsis.
I am not impressed by Cummings encouraging corporations to "stop the reckless spending".
At the time, the conservative wing of the Republican Party, in a letter dated June 28 , 1995 and addressed to Speaker Newt Gingrich, demanded the elimination of the corporation, characterizing it as "reckless and irresponsible" and carrying out an activist "left-wing agenda".
Indeed, "why", he asks, "should a regulator's remit be limited to reckless or deliberate untruths about individuals or corporations"?
Whether it's McDonald's serving up scaldingly hot food and drink or Toyota's years of failing to address sudden acceleration issues, big corporations need to be held accountable for reckless behavior that endangers our health and safety.
Does it take a "hippie" to think that corporations need to be held accountable for reckless actions that have devastating consequences on the national economy?
The federal government gives tax breaks to fabulously profitable corporations like GE and ExxonMobil and bailouts to reckless banks like JP Morgan Chase and Citigroup.
