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It Could Happen Here

Corporate Sabotage

It Could Happen Here

Cool Zone Media and iHeartPodcasts

News, Society & Culture, Daily News, Politics

4.06.5K Ratings

🗓️ 26 November 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

Why do corporations destroy their own goods? Why do factories sit empty when people need their products? The answer is corporate sabotage.

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Transcript

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0:00.0

Welcome to It Could Happen Here.

0:06.5

A podcast about things falling apart from what you could do about it.

0:10.6

My name is Christopher Wong and today I'm going to be talking about sabotage.

0:14.4

But this is not the episode on sabotage that you expect.

0:17.1

I will not be discussing, for example, the destruction of machinery, throwing monkey wrenches,

0:24.0

slow down strikes with a myriad of other tactics that workers have used this time in

0:27.7

the memorium to strike back at their bosses.

0:30.3

No, instead I'm going to be talking about a far more common and infinitely more dangerous

0:35.4

form of sabotage.

0:37.6

Corporate sabotage.

0:39.3

Now the most ambiguous form of corporate sabotage is the mass destruction of corporations

0:44.2

on products.

0:45.6

The fashion company Burberry, for example, destroyed $370 million of its own product in

0:50.6

one year alone.

0:52.2

Louis Vuitton and Chanel also systematically destroyed their own sold stock every year.

0:57.3

Using H&M and literally lighting their own sold products on fire in order to prevent

1:00.9

anyone from using them.

1:03.0

Quote business insider.

1:04.8

Rishabont, the owner of Catalier-Bunt Blanc, destroyed more than 400 million pounds of watches

1:10.0

over a two year period after an excess in goods in the Asian markets.

1:14.3

Nike has also admitted that a New York store slashed unsolved trainers before throwing

1:18.7

them away and last year an urban outfitter's employee said he was instructed to pour green

...

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