Why Does Enterprise Corruption Occur During Every Industrial Revolution?
Page Index:
- What Is An Industrial Revolution?
- George Washington & The Canal Industry
Enterprise corruption and systemic enterprise-wide fraud occurs during and throughout the life of every industrial revolution.
Enterprise corruption can and does occur multiple times back-to-back throughout the entire course of an industrial revolution as is evident throughout the railway-railroad revolution from its beginnings with steam energy in 1847 to diesel locomotion in the early 1900s.
During the course of the industrial revolution that took place between 1696 and 1947 the books were cooked and the vehicle of monetary exchange was intentionally debased by the individuals that cooked the books 47 times or once every 5.34 years.
The foundation of the “booming internet economy” of the “go-go” 1990s was two-fold:
- Fraudulent accounting practices (admission of “failure” of the system)
- Preparation of foreign nations for the purpose of outsourcing labor.
You don’t pass across-the-board accounting legislation like Sarbanes-Oxley unless the problem you are pretending to solve is enterprise-wide.
Shareholder Note:
What is it that made the boom of the internet economy any different from any other previous economic “boom”?
Why did they cook the books during the “roaring” 20s?
Because cooking the books was the reason the roaring 20s.. roared.
Why do companies need quiet waivers and exemptions from legislation passed during previous periods of systemic accounting fraud during a boom?
- Because the quiet waivers and exemptions.. were the cause of the boom.
- Because there is obviously something they can’t afford.
History avoids this reality religiously but the fact is, where there is a period of growth, progress, and prosperity, there is also.. enterprise corruption.
For some unexplained reason, every era of progress winds up ”the greatest era of crooked high finance the world has ever known”.
Every era of progress is also full of “greedy individuals” that can be set up as fall-guys and government (regardless of the style of government) takes full advantage of it.
Juror and shareholder tip: The next “era of crooked high finance” will be greater.. than the last one.
What Is An Industrial Revolution?
Here is a list of things that usually occur around an industrial revolution:
- a lot of advertised inventions and scientific discoveries
- a lot of advertised inventors (Newton, Da Vinci, Jefferson, Franklin, etc..)
- a lot of new additions to the career list on a census
- market crash
- a war (long war = major industrial revolution)
- a number of start-up religions; faith-based initiatives (a glut of new religions = major industrial revolution)
- a change in theology
- a global warming trend
- a historically popular morality-play
- an exodus
- a diaspora
- a well advertised increase in demand for skilled labor
- a peak in colonization
- a monopoly-play (Standard-Oil)
- an addition of a few more Rosary beads
- legislation created to contain corruption
- the disappearance of a well-known accountancy
- a name-change of a well-known nation or city
- the appearance of the word “new”
- the appearance of the words “first” “unite” “spread”
The 19th century steam, rail transportation, and telecom revolution occurred in almost every area of the globe at the same time and here is how it was funded:
- war labor (civil & world)
- crash labor
- famine labor
- child labor
- slavery
- phony gold rushes
- land grabs
- reckless immigration
- bank fraud
Most industrial revolutions have required very long wars.
Juror and investor tip: When you hear words like “hundred-years war” an industrial revolution is nearby.
George Washington & The Canal Revolution
Question: Why do historians pass over George Washington’s involvement as a Canal industry executive?
Answer: Because then jurors and investors would understand a little more about industrial revolutions and enterprise corruption.
reinhardt’s journal follows industrial revolutions
continue the tour: Why Has Enterprise Corruption Been Removed From History?
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