invites you to ask and answer questions covering social themes of global significance. When you ask in order to understand, when you answer in order to share, this is what we mean by dropping knowledge.
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Angaangaq Lyberth's
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QuestionIs corporate social responsibility possible? Adam FurnarieAnswer
Angaangaq Lyberth: Adam, it’s not just a source of responsibility. It is totally a source of responsibility. The corporate responsibility people don’t understand and thus the corporations are making money, money, money, money. And do they distribute that money? I don’t think so. Look at the banks, Adam. They charge you, in North America, they charge for every transaction you do. They charge you money. And they have profit. I live in Canada and those five big banks in Canada, they have billions of dollars in profits they make based on the charges they do for every transaction 40 million people do. And look at United States. Look at Germany. Look at all the places in the world, each bank makes money. Not just the banks, then comes the corporations. It was asked earlier today about brand names. They make money upon money. Do they distribute their wealth to those who bought their products? No they don’t. It is really funny. The other day, in a big corporation that you were talking about how important it is for having social responsibility. One of the corporations in Canada was proudly announcing, “We have a foundation.” Did you know that they have more than many billions of dollars of profit? Their foundation was 10 million dollars. Is that social responsibility? They claim it to be. But 10 million dollars versus billions of dollars in profit. At least they began. Will they succeed in really meeting that social responsibility? I pray to the Great One. But again, Adam, we need your help for that.
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