In what has now become a familiar refrain, yet another product from China has caused the death of a third infant and thousands of others to become seriously ill, some to the point of kidney failure.
The grim news Wednesday was coupled with an announcement that China’s biggest dairy is one of three companies that have joined the massive recall of infant milk formula after the chemical melamine was found by health officials, the Associated Press reports.
This is the second major scandal in recent years involving Chinese-made baby formula, theAPreported. In 2004, phony formula that contained no nutrients was linked to more than 200 cases of malnutrition and at least 12 infant deaths.
We need look no further than this for the health of our “global economy.” In the US corporations’ mad rush to send jobs overseas to increase the bottom line and cut the hugest cost…American wages….something was overlooked. The quality and standards we as a nation have become accustomed to expect. How much longer should this failed experiment be allowed to continue before we accept that a trickle down economy does not work? How many of our children have to die before it’s recognized that the “best interests” corporations have in mind is their own bottom line? Not the health of their workers or the safety of the products, or the best interest of the consumer. Their bottom line. Thousands are laid off with no prospects while CEO’s and top execs are given golden parachutes from the retirement savings of their employees. Jobs are sent overseas with no new markets created to fill the void. And the middle class continues to shrink, with the nation’s poor expanding.
It is time to admit that Ayn Rand’s ideas were no more than that. Ideas. And idealistic, unworkable ones at that. It isn’t a case of finding the right people for the job, because the market will NOT correct itself. Rapacious greed will win out over better human nature every time.
I believe a global economy can work. But if it is going to work, there HAS to be oversight. There has to be restraint. And there has to be enforced regulation. People, infants, have already died. What more do we need to prove that?