A Shared Responsibility
Have you
ever wanted to own an island? With 5.3 billion dollars you could buy a secluded
spot just for you. Or with that amount of money you could buy 10 of the
world’s largest passenger planes. You could even buy three pints of Ben and
Jerry’s ice cream for every person in America. Or with 5.3 billion dollars, you
could recall a line of Samsung’s Galaxy Note 7s.
In the
summer of 2016, Samsung released the Galaxy Note 7 smartphone. However, a small
issue caused a few phone batteries to explode. Quickly, Samsung issued a
product-wide recall. A group of 40 people formed an emergency task force to
organize everything. They set up a research lab, staffed by 700 people, to
figure out what caused the batteries to explode. They messaged customers to
inform them of the hazards and recall. When the explosions became a flight
concern the Note 7s were banned from air travel. So Samsung manned kiosks in
airports to allow customers to exchange their phones. Then they sent the
recalled phones by ship to be tested at their labs. Samsung even collaborated
with service providers to create an update for the Note 7 that made charging
the phone impossible, which forced customers to stop using them. For 120 days
the team worked almost around the clock to manage everything, often not
finishing work until 4am and starting again at 6am.
All in
all, around 5.3 billion dollars was spent to manage the problems. But Samsung
would have it no other way. They couldn’t. See, Samsung is made up of millions
of part owners. And if those stock owners thought that Samsung was being
negligent in handling the issue, the stock owners would sell their stock in the
company. This would destabilize Samsung and make the stocks go further down in
value, which would be worse than spending 5.3 billion dollars to get their
phones back. The collective ownership of the company made them responsible to
the people.
Democratic
governments are also supposed to be accountable to us. But it’s a little
different. Companies make products or services and give stockholders a margin
of the profits. Governments take a margin of profits from taxpayers in exchange
for services like national security, healthcare, legislation and
infrastructure. Taxpayers have a share in the country and governments are
responsible to them.
Wait, are
they? Is our government responsible?
When
taxpayers (stockholders) are unsatisfied with healthcare wait times, we still
pay taxes. A company would be forced to look at their organization to make it
more efficient. When taxpayers aren’t happy with legislation on issues such as
gun control, abortion or doctor-assisted suicide, we can’t just sell our
stocks. When taxpayers are frustrated by unfair equalization payments, we can’t
use our share in the country as leverage to bring this injustice to the attention
of the government. If a company cannibalized their own market, such as the
government has done with the energy industry, the company’s stockholders would
sell out and the company would either change or die. But with the government…
we have no recourse.
The
government is supposed to serve the people and be responsible to them. What
happens when they aren’t? We can’t just stop paying taxes. We are told to write
letters, to exercise our free speech. We write letters to our officials. We
write letters to newspapers. We post articles showing this injustice. What
happens when that doesn’t work? Is our government still responsible to us?
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