The China Post
Date: December 1, 2015
By: Yuan-Ming Chiao
TAIPEI, Taiwan — Last Friday’s not-guilty verdict for the heads of Ting Hsin Group in the tainted oil scandal generated high levels of public outrage. Feeling betrayed by the corporate conglomerate system that overrides public trust, that writes its own rules and verifies its own dubious practices, Friday was seemingly the last straw as some believed that the conglomerate had bought the law.
In the second decade of this millennium, Taiwan faces a menacing parallel to the late 19th and early 20th century United States, when corporations openly bought influential officials for exclusive rights, helping them cement their awesome market powers beyond oversight and scrutiny, beyond government by the people and for the people. Udo Keppler’s illustration of Standard Oil as a giant octopus clearly symbolized the overpowering tentacles of corporate trusts into the economy and government during this time. Historian Doris Kearns Goodwin’s recent masterful work “The Bully Pulpit” reminds us that the beast could only be contained by the partnership of leaders willing to fight corporate influence in the government and a reformist press. [FULL STORY]