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Ugh, I would love to see more companies bankrupted. How much more dynamic the economy might be if all of Volkswagens assets were put up for bid at government au
by jazzyjackson 2y ago
Ugh, I would love to see more companies bankrupted. How much more dynamic the economy might be if all of Volkswagens assets were put up for bid at government auction.
Adbusters magazine (credited with spurring occupy wallstreet with a solid meme campaign) tried to get inertia going around revoking corporate charters, stop acting like we don't have power, corporations are borne into existence by acts of government, we are not powerless to punish them for crimes against humanity (to be dramatic about it, I don't know what language would be appropriate for collecting location information for a million individuals without disclosure), but didn't see much traction about it.
https://www.adbusters.org/full-articles/rise-of-the-corporate-charter-revocation-movement https://www.adbusters.org/full-articles/rise-of-the-corporat...
- namaria 2y agoGovernments aren't powerless to revoke corporate charters. They're powerless to implode the livelihood of large chunks of their electorate. A dynamic economy is great on paper where you don't have to worry about disrupting the lives of tens of thousands of people. Call that a political moat.