Honesty in Business
It is difficult but not impossible to conduct strictly honest business. What is true is that honesty is incompatible with the amassing of a large fortune.
~~ Mahatma Gandhi ~~ (1869 - 1948)
Whether we like it or not, the fact is that most, if not all, businesses are conducted dishonestly. It is possible or should be possible to conduct honest business with some reasonable return on investment but that will require hard work, sacrifice and patience. Most businesses concern themselves with producing stinking profits and to heck with honesty and fairness.
A good example right now is the oil companies. They raise the gasoline prices at the pump as soon as the price of crude oil goes up but when the price of crude oil falls they take their time to lower the gas prices at the pump. They justify the delay in lowering prices by saying that they cannot immediately lower the prices at the pump because they have inventories which they bought at the higher price. That seems logical but then they should not immediately raise gasoline prices when the price of crude oil goes up because they must have inventories which they bought at the lower price. This practice of theirs may be legal but it is certainly not honest, fair or moral.
Oil industry is not the only industry that indulges in such practices; most industries do. The motto seems to be to devise creative ways to rip off the consumer and maximize profits to line the pockets of a few. Shameful but true!
Browse all Mahatma Gandhi quotes
Click for Nick:
That quote might very well be true! Can we be honest and earn a fortune?
Click for Nick, why not?