Sanjay,
I hear your pain, dude, but what is the reality?
Business is about profit, not about right or wrong, or about morality, or human rights. There are other organisations for that.
Religion is about right or wrong, and even that is often manipulated by people to further their own agenda of either profit or power, but that's another thread.
To imagine business should be about conscience, is to have an ideal view, and how wonderful it would be if the idealism can be realised, but as human history has shown, it is an idealism which unfortunately cannot prevail in the real world.
If business has conscience, then cigarette companies, to quote and simplify one example for the sake of illustrating a principle, should voluntarily get out of the business. Unfortunately, the profits are too tempting, and cigarette companies have been doing a PR dance around all the studies that show nicotine causes cancer.
If business has conscience, then property development companies should not develop residences right next to ultra high voltage cables when they run out of prime land, like we see today, ignoring the possible link with cancer.
If business has conscience, then mobile phone companies should stop producing mobile phones until we have a definitive study done to see whether prolonged exposure to mobile phone frequencies causes tumour in the brain or not.
If business has a conscience, then the NRA will stop vetoing any gun-control law they try to pass in the US.
The list goes on endlessly.
Only recently, with evidence of global warming staring at mankind's noses, do we see societies doing something about it. I recall reading about global warming more than twenty years ago. Back then, for every study supporting the theory, there was another debunking it. We have to look closely at who sponsored those studies to see the real motives behind it.
Unfortunately, business, run by humans, is a reflection of human nature, and that is of greed, and enriching oneself, regardless of consequences.
Slowly, we are awakening to our responsibility as keepers of this planet and behave responsibility in all our endeavours. Hopefully, we will reach full awareness in time. However, business, as long as human nature is human nature, will always be about profits. It is the very definition of business.
The Big Mac index is an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. As stated in the Economist, it "seeks to make exchange-rate theory more digestible".India as in the
hehe
