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My only question with corporations is: what checks and balances will be in place this time around to prevent corporations from: -Rampant corruption: (i.e. fund
by LarryDarrell 7y ago
My only question with corporations is: what checks and balances will be in place this time around to prevent corporations from:
-Rampant corruption: (i.e. funding anti-global warming, pro-tobacco propaganda science, etc. Bribing governments. Trashing the environment.)
-Racketeering (i.e. Missouri & Kansas suing opioid manufactures under RICO, rent-seeking behavior/aspirations exhibited by nearly every major industry today)
-Protecting bad/lazy CEOs, Officers & Board Members (i.e. golden parachutes, do-nothing Board Seats filled by nepotism)
-Blocking strategic decisions in the name of providing value to shareholders (i.e. Stock buybacks over R&D, laying off experienced engineers in favor of cheap juniors, etc.)
...
So what if you have to wait a bit to have some one hook up your A/V equipment? Corporations generate their own byzantine bureaucracy without any help from unions (try getting a upfront quote for a medical procedure sometime). What undesirable activity would industry-wide unions do? Prevent IT outsourcing? Force considerations in international trade relations? Claw back some profits for workers instead of shareholders? Slow down the frantic rush to turn every industry into a duopoly? Put a check on C-Suite compensation? Hold a general strike the next time there is a push to get us into a war?
I look at the shenanigans going on at WeWork and others, and I start to think maybe capital shouldn't be trusted to the Capitalists. Re-Unionization is really the only way I see to reign things in before the next generations turn to full-fledged-capital-S Socialism.