bsmall2Mar 3
> A century ago, corporations were granted the rights of persons by radical judicial activism, an extreme violation of classical liberal principles. They were also freed from earlier obligations to keep to specific activities for which they were chartered. Furthermore, in an important move, the courts shifted power upward from the stockholders in a partnership to the central management, which was identified with the immortal corporate person.
https://chomsky.info/roguestates07/
#RogueStates #TheCorporation #ImmortalPersons #LegalPersons
#NoamChomsky
Socioeconomic Sovereignty, by Noam Chomsky (Excerpted from Rogue States)

The Noam Chomsky Website.

Show threadbsmall2Feb 26
🧵
> Corporations were given the rights of immortal persons. But then special kinds of persons, persons who had no moral conscience. These are a special kind of persons, which are designed by law, to be concerned only for their stockholders. And not, say, what are sometimes called their stakeholders, like the community or the work force or whatever.
#LegalPersons #ImmortalPersons
#MegaMachine #StockHolder design not for #StakeHolders
bsmall2May 22, 2025
> ... 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
The Shareholder Supremacy

I promise you, everything that's happening makes sense. It all feels so chaotic, so utterly, offensively stupid, so disconnected from reality that it's hard to understand how Meta can run a terrible company with decaying services that's also wildly profitable, or how Meta, Microsoft and Google can proliferate unprofitable, unsustainable

Ed Zitron's Where's Your Ed At
Victoria Stuart 🇨🇦 🏳️‍⚧️Aug 30, 2024

[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

Low-wage corporations spend over half a trillion on stock buybacks while workers struggle with poverty wages | NationofChange

Victoria Stuart 🇨🇦 🏳️‍⚧️Jul 9, 2024

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

You Want to Fix Boeing? Prosecute Its Executives.

A $500 million fine isn’t enough for a company whose 737 Max airplanes murdered 346 people, Joe Nocera argues for The Free Press.

The Free Press
Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Jul 28, 2023

@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

Legal person - Wikipedia

Show threadVictoria Stuart 🇨🇦 🏳️‍⚧️Jun 21, 2023

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

Citizens United v. FEC - Wikipedia

bs2Mar 7, 2023

> 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