Monthly Archives: September 2013

In 2010, Blockbuster filed for bankruptcy when they nearly had $1 billion in debt with $170 million being in liabilities for customers, suppliers, employees, and movie studios. The article that I read said bankruptcy was due to “mounting losses, rising debt and competitors”, but I believe there were more factors behind the bankruptcy. Perhaps the actual problem wasn’t from competitors and technological advancements, but from the company’s internal and external decisions, and Blockbuster’s inability to adapt. Since the advancement of […]

For more than a decade, sweatshops have been a grim issue. Activists protested against multinational corporations such as Disney and Nike for hiring workers from developing countries, and forcing their workers to work up to sixteen hours every day without being paid overtime. Several enterprises have changed and worked towards improving the working environment, increasing the minimum working age, and raising the salary of the workers. Yet, multinationals continued to hire cheap overseas workers due to consumers having a high […]

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