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This is nauseating. It would be nice to see some investment in the network rather than in their vast lobby. It is heartening to see at least one non-profit hold
by joelhaus 15y ago
This is nauseating. It would be nice to see some investment in the network rather than in their vast lobby. It is heartening to see at least one non-profit hold their leadership accountable though.
> And when the FCC considered its net neutrality rules, the nonprofit commentaries flowed like high speed data. Our examination of a letter written by 19 civil rights groups questioning open Internet rules found that most were recipients of Comcast, AT&T, or Verizon money. In the case of LULAC, a single grant came to $1.5 million. Groups that we have spoken with always deny any sort of outright opinion selling.
- econgeeker 15y agoThey wouldn't need a lobby if they weren't put in a position where they had to spend a lot of money-- essentially paying off politicians-- to conduct basic operations of their business, such as offering new products or engaging in a merger.
- Klinky 15y agoExactly, because lobbying to allow a merger that would reduce competition & lobbying to block things like net neutrality are really essential to providing quality service. Maybe we should just give AT&T their monopoly back.
- radicaldreamer 15y agoCorporations, especially old school blue-chip ones, will generally follow the path of least resistance to profits.
- yid 15y agoAlso known as fiduciary duty.
- Klinky 15y agoAlso known as morally questionable & gaming the market.
- mirkules 15y agoAlso known as the nature of capitalism.
- JonnieCache 15y agoCapitalism is not a physical law. We have the power to implement it how we choose.
- alexqgb 15y agoBingo. Also, "fiduciary responsibility" can justify absolutely anything, provided your timeframe is short enough. Bouncing paychecks, for instance, will do wonders for a company's cash position - provided your business plans don't extend further than the middle of next week.
- fleitz 15y agoWhy is getting paid to express an opinion morally questionable? When GLAAD's members pay them to express positions in support of gay rights, is that morally questionable? Or is it only morally questionable when they express opinions that you do not like? I suspect the conversation between GLAAD, AT&T, and their membership will go something like this: Members: You're losing $500K per year GLAAD: AT&T can you match this? AT&T: Will $600K suffice? GLAAD: OK.
- jballanc 15y agoFuck everything about this attitude. I don't know where it started, but this sort of uber-Rand-ism is just flat out wrong. It is this same sort of short-sightedness with regards to morals vs profits that caused Alan Greenspan to famously state: "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief." Disbelief my ass! "Fiduciary duty" is not an excuse for corporate raping and pillaging of a society (which, in effect, is what this is). Any student of economics who understands the concept of Pareto efficiency should understand that any action which causes an overall detriment to the economy or the society at large cannot lead to sustainable profits for the company involved. Sure, you can make a lot of short-term gains walking down the street and robbing everyone you see, but it's not a sound formula for long-term profits. Fiduciary duty is no excuse here. What these companies have done is reprehensible on its face and it is a shame that it is not outright illegal! (Consequently, before anyone cries "First Amendment!", I would add that this type of situation is also a good reason why corporations should not enjoy the same status as individuals under the law.)
- rbanffy 15y agoJust be careful with short-term thinking.