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I think the other commenter is right in calling them neoliberal, not left wing. An economically left wing corporation is sort of an impossibility…but I don’t wa
by keiferski 2y ago
I think the other commenter is right in calling them neoliberal, not left wing. An economically left wing corporation is sort of an impossibility…but I don’t want to veer into that debate here.
To answer your question: because a good portion of a company like Netflix’s annual revenue is derived from credit card payments that are sort of “forgotten” monthly bills. These companies don’t benefit at all from a financially-literate and secure customer base.
- maeil 2y ago> An economically left wing corporation is sort of an impossibility There have been many, and still are, under the most common definitions of left-wing. Of course you'll find zero of them on the NASDAQ. That indeed is a modern-day impossibility.
- InitialLastName 2y agoTo put a finer point on it: Instruments that exist to enable the owner class to buy and sell control of the means of production are incompatible with systems that don't distribute control of the means of production to an owner class.
- maeil 2y agoI'd very much count employee-owned businesses as corporations. In certain jurisdictions they may or may not meet the legal definition of a corporation but that feels like semantics.
- InitialLastName 2y agoEmployee-owned businesses are certainly a coherent left-wing concept. On the other hand, NASDAQ is an organization built around exchanging money for ownership of businesses, which tends to concentrate ownership in the non-employee direction.
- StefanBatory 2y agoMondragon in Spain is an example imo