Debate Magazine

Unregulated Business?

Posted on the 28 October 2011 by Mikeb302000
from Pentax.com blog:
the benefits of Unregulated Business (Communist style)
China, ironically, seems like a perfect case study of business behavior in an unregulated manufacturing environment. We keep getting contaminated goods... here's the Drywall Snafu:
http://www.nytimes.com/2010/09/18/bu...e&ref=business
QuoteQuote: The Hunters are among thousands of homeowners in 38 states who have been searching for alternate housing because of worries about drywall in their homes that emits sulfur fumes and, many believe, makes them sick.
Many of the homeowners have bought or rented a second home, an expense that has pushed some to the brink. Others have had no choice but to sell at a big loss. Still others have continued living in their homes with air-conditioners running full blast to hold down the rotten-egg odor.
“My property right now has no value — it’s toxic,” said Aiasha Johnson, 30, a school teacher who lives with her husband and two children in Deerfield Beach, Fla., near Fort Lauderdale. Besides running the air-conditioning, Ms. Johnson said she painted the walls frequently to mitigate the smell.
“I can’t sell it. I can’t do anything,” she said.
Complaints about the drywall, or wallboard, which was mostly made in China, first surfaced a few years ago, and hundreds of lawsuits have been filed in state and federal court to recover money to replace it. The federal Consumer Product Safety Commission has received 3,500 complaints about the drywall and says it believes thousands more have not reported the problem.
But so far the relief has been negligible. Most insurance companies have yet to pay a dime. Only a handful of home builders have stepped forward to replace the tainted drywall. Help offered by the government — like encouraging lenders to suspend mortgage payments and reducing property taxes on damaged homes — has not addressed the core problem of replacing the drywall. And Chinese manufacturers have argued that United States courts do not have jurisdiction over them.
I say, let the Tea Partiers move to China for a taste of what they want for America, if they think our country is so wrong. That's right, right wingers: This is America, love it or leave it, bud, and go to China where they think like you.
(I'm LMAO at that! Always wanted to turn that one around...)
Read more at: http://www.pentaxforums.com/forums/political-religious-discussion/114968-benefits-unregulated-business-communist-style.html#ixzz1c6BaEPvr

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