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critical issue of corporations profiting

 This video from ThaiWikiknow explores the critical issue of corporations profiting from environmental exploitation while shifting the financial and ecological burden onto society. It highlights two major historical cases involving invasive species in the United States.


1. The Asian Carp Invasion (1970s - Present)

The Strategy: In the 1970s, aquaculture businesses in the southern United States imported Asian carp to clean their ponds of algae and parasites, choosing this over investing in proper filtration systems to maximize profits (0:40 - 1:36).

The Disaster: During the 1993 floods, these fish escaped into the Mississippi River due to inadequately built containment barriers (1:49 - 2:44).

The Aftermath: The carp devastated local ecosystems by consuming plankton, the base of the food chain, causing native fish populations to decline (3:23 - 4:11). The government has since been forced to spend over 40 billion baht ($1.1 billion) to build underwater electric barriers to prevent their spread (5:30 - 5:50).


2. The Atlantic Salmon Spill (2017)

The Strategy: The company Cooke Aquaculture farmed Atlantic salmon in the Pacific Ocean off the coast of Washington State because the species grows faster, despite being non-native and ecologically risky (7:13 - 8:18).

The Incident: In August 2017, a massive net pen failed, releasing over 260,000 salmon into the wild (8:41 - 9:07).

The Corporate Excuse: The company attempted to blame the failure on extreme currents caused by a solar eclipse—a claim debunked by scientific data showing that currents were normal and the failure was due to poor maintenance (lack of cleaning, leading to excess weight on the nets) (10:09 - 15:58).

The Response: Local indigenous communities, specifically the Lummi Nation, took immediate action to remove the invasive fish (16:38 - 17:13). This public pressure led to the Washington State government passing a law in 2018 banning the farming of non-native salmon (17:49 - 18:07).


Key Takeaway

The video emphasizes a systemic pattern where private entities socialize their losses while privatizing their gains. It challenges the audience to consider the long-term environmental costs of profit-driven decisions and the importance of holding corporations accountable for the lasting damage they cause to communal resources (19:55 - 20:54).