> ... how Meta, Microsoft and Google can proliferate unprofitable, unsustainable tech that takes water from the desert and strains our power grids to produce deeply mediocre outcomes based on incredibly vague promises and have their stock prices go up.
https://www.wheresyoured.at/tss/
#TheCorporation #uslaw #LegalPersons
/HT @ildiavolorosso

[thread] corporations/corporate malfeasance

Low-wage corporations spend $0.5 trillion on stock buybacks while workers struggle w. poverty wages
https://www.nationofchange.org/2024/08/30/low-wage-corporations-spend-over-half-a-trillion-on-stock-buybacks-while-workers-struggle-with-poverty-wages

* Institute for Policy Studies
* largest U.S. corporations spent more >$522 billion on stock buybacks since 2019
* enriches wealthy executives/shareholders while leaving workers behind

#capitalism #corporations #LegalPersons #libertarianism #WealthConcentration #billionaires #conservatism #PrivateEquity #inflation #greedflation

You Want to Fix Boeing? Prosecute Its Executives
$500 million fine isn’t enough for a company that murdered 346 people
https://www.thefp.com/p/fix-boeing-prosecute-executives-joe-nocera
https://news.ycombinator.com/item?id=40915381

* Boeing agreed to settlement by DoJ
* pled guilty to felony for 737 Max crashes in 2018 & 2019 that caused death of 346 passengers, crew
* engineer in email to colleague: “This airplane was designed by clowns, who in turn are supervised by monkeys.”

#Boeing #corporations #capitalism #CorporateCrime #LegalPersons #accountability

@Edelruth Great point! 👍️

https://mastodon.social/@persagen/110538803275965181

* U.S. corporations are legal persons: https://en.wikipedia.org/wiki/Legal_person
* derived f. U.S. Supreme Court challenges to 1st Amendment to U.S. Constitution (free speech)
* orchestrated by Mitch McConnell (R-TN)
* as legal persons campaign finance challenges were enabled, opening "dark money" floodgates
* Citizens United v. FEC: https://en.wikipedia.org/wiki/Citizens_United_v._FEC

The consequences have been catastrophic

#DarkMoney #SCOTUS #LegalPersons #corporations #CitizensUnited

Citizens United v. FEC: https://en.wikipedia.org/wiki/Citizens_United_v._FEC

#SCOTUS #LegalPersons #MitchMcConnell #LeonardLeo #USSupremeCourt #SupremeCourt #corporations #DarkMoney #SheldonWhitehouse #CitizensUnited #CitizensUnitedVsFEC #PAC #SuperPAC #CampaignFinance #lobbying #USpolitics #Delaware #SeafordDelaware #USConstitution #Constitution #FirstAmendment #LLC #neoliberalism #GOP #RepublicanParty #neofascism

> We can’t live in a world with what he calls “counterfeit people.”.. Artificial people will always have less at stake than real ones, and that makes them amoral actors, he added. “Not for metaphysical reasons but for simple, physical reasons: They are sort of immortal.”
.. We need strict liability for the technology’s creators,

https://nymag.com/intelligencer/article/ai-artificial-intelligence-chatbots-emily-m-bender.html

In the profile of #EmilyMBender, #DanielDennet makes me think of #TheCorporation, #LegalPersons and then Lewis Mumford's #MegaMachine