Anyone who has spent more than 5 minutes reading The AfroBlog or surfing through The Black Man Survival Guide knows that I tend to rail about corporations and their evil practices. It is not that I think that corporations are inherently evil. They are just doing what their charter tells them to do – to make continually increasing profits for their investors. In order to do that corporations must have loyal customers who will continue to spend money on their goods and services. In the tradition of Malcolm X, the corporation must get new customers and retain them “by any means necessary”.
The larger the corporations get, the harder it is to for them to rely solely on solid and fair business practices to continue to get these customers and increase profits year after year. Unfortunately we have situations today where many corporations resort to deceptive advertising, shady business practices, coercion and legal manipulation in order to maintain their shareholder obligations. In fact, corporations (particularly banks and financial institutions) use such heavy handed tactics that they have created a form of corporate slavery to trap and retain customers indefinitely.