Warren and the Divine Right of Capital: Accountable Capitalism Act

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

 

[georgephillip]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

 

[Norman]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

Absolute nonsense. US was created to be a free nation, you have no right to the fruits of the labor of others. Fuck off thief.

 

[Toddsterpatriot]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

If you don't like Capitalism, sell your computer and delete your USMB account.

If you don't like Capitalism, sell your computer and delete your USMB account.

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

 

[LordBrownTrout]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

This is totalitarian. You invest your own money to start a corporation, hire employees, give them benefits, and then turn the decision making over to them? This is beyond absurd.

 

[georgephillip]

Everything she says involves big govt.
She is the arch nemesis of our constitution.
Fucking totalitarian.

She's read the Constitution.
Her ACA would require corporations that claim the legal right of personhood to accept the moral obligations of personhood.
What's your problem with that?

Accountable Capitalism Act - Wikipedia

"Section 3 of the Act would establish an 'Office of United States Corporations', with a director appointed by the President on consent of the Senate, at the Department of Commerce to grant charters to large federal corporations, and monitor compliance with the Act's requirements.

"Section 4 requires corporations with over $1 billion in tax receipts to obtain a federal charter.

"Section 5(b)(2) requires US corporations to have the purpose of 'creating a general public benefit', while section 5(c) requires that directors have a duty to consider the interests of shareholders, employees (including of subsidiaries and suppliers), customers, the community, environment, and the long-term."

Her ACA would require corporations that claim the legal right of personhood to accept the moral obligations of personhood.
What's your problem with that?

Warren deciding what are "moral obligations" is a problem for me.

requires that directors have a duty to consider the interests of shareholders, employees (including of subsidiaries and suppliers), customers, the community, environment, and the long-term

Every liberal who feels this way should definitely run their own corporations that way.
If they own 100% of the stock, they make 100% of the decisions.

Every liberal who feels this way should definitely run their own corporations that way.
If they own 100% of the stock, they make 100% of the decisions.

Who does most of the work?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Chapter 2: Lords of the Earth

"The Principle of Privilege:
Stockholders claim wealth they do little to create, much as nobles claimed privilege they did not earn.

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations. Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'"

Who does most of the work?

Employees, the people who are free to quit if they feel they are being mistreated.

Stockholders claim wealth they do little to create

Sounds easy. You should try. Be sure to pay your employees all the earnings.

Stockholders claim wealth they do little to create

Sounds easy. You should try. Be sure to pay your employees all the earnings.

You would have made a good court jester
Or courtesan.

The Divine Right of Capital by Marjorie Kelly: A Summary

"The Principle of Property:

"Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."

"The source of stockholder privilege is ownership.

"Today we assume that 1) the corporation is an object that can be owned; 2) that stockholders are the sole masters of that object; and 3) they can do as they like with their 'object.'"

 

[daveman]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

 

[georgephillip]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

If you don't like Capitalism, sell your computer and delete your USMB account.

If you don't like Capitalism, sell your computer and delete your USMB account.

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

 

[Toddsterpatriot]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.

What percent of productive labor do readers/viewers contribute to the operation of media companies compared to that of GM, Kulak?

What percent of productive labor do readers/viewers contribute to the operation of media companies

Readers and viewers aren't stakeholders, Twat?

 

[Toddsterpatriot]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own

Never Underestimate Trump

Maybe you should list the 10 best employee owned companies in the US?

 

[georgephillip]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

It's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

t's funny. A millionaire capitalist is telling you to believe capitalism is bad, and you swallow it without question.

Which millionaire, Warren?
She made her money after experiencing childhood poverty.
Trump's racist dad made him a millionaire by his eighth birthday,
If you can supply any arguments to refute Warren's premises, go ahead.
Capitalism is a disease.

 

[Toddsterpatriot]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

I owned a business once and decided who did what. If I had to share decision making,I would sell the business. Being boss is one reason you risk your money AND do extra for your workers.

How many employees did you exploit?
What was your revenue?

The Divine Right of Capital by Marjorie Kelly: A Summary

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

"In other words, the company could just as easily be optimized to maximize employee income."

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

Sounds great! And then readers/viewers can elect 40% of boards for media companies and the support of 75% of readers/viewers would be needed before running any political stories.​

"In other words, the company could just as easily be optimized to maximize employee income."

Employees are free to implement this plan at any company they own.

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

She was not smart enough to get into college using honest means, but now pretends she is smarter than all business owners combined.

And it wasn't even a business degree she cheated an Indian for...

" She was formerly a law school professor specializing in bankruptcy law.

" A member of the Democratic Party and a progressive, Warren has focused on consumer protection, economic opportunity, and the social safety net while in the Senate.

"Warren is a graduate of the University of Houston and Rutgers Law School and has taught law at several universities, including the University of Houston, the University of Texas at Austin, the University of Pennsylvania, and Harvard University.

"She was one of the most influential professors in the field of commercial law before beginning her political career. She has authored five and coauthored six books."

Elizabeth Warren - Wikipedia

" She was formerly a law school professor specializing in bankruptcy law.

Obama was professor in the University of Chicago Law School.
He was similarly useless.

She has authored five and coauthored six books.

Including the book with her Indian recipes?

 

[Stormy Daniels]

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

Didn't 2016 teach us that Americans are too stupid to rely on elections for good outcomes.

 

[AzogtheDefiler]

Liz Warren is a true anti capitalist.

 

[Toddsterpatriot]

Everything she says involves big govt.
She is the arch nemesis of our constitution.
Fucking totalitarian.

She's read the Constitution.
Her ACA would require corporations that claim the legal right of personhood to accept the moral obligations of personhood.
What's your problem with that?

Accountable Capitalism Act - Wikipedia

"Section 3 of the Act would establish an 'Office of United States Corporations', with a director appointed by the President on consent of the Senate, at the Department of Commerce to grant charters to large federal corporations, and monitor compliance with the Act's requirements.

"Section 4 requires corporations with over $1 billion in tax receipts to obtain a federal charter.

"Section 5(b)(2) requires US corporations to have the purpose of 'creating a general public benefit', while section 5(c) requires that directors have a duty to consider the interests of shareholders, employees (including of subsidiaries and suppliers), customers, the community, environment, and the long-term."

Her ACA would require corporations that claim the legal right of personhood to accept the moral obligations of personhood.
What's your problem with that?

Warren deciding what are "moral obligations" is a problem for me.

requires that directors have a duty to consider the interests of shareholders, employees (including of subsidiaries and suppliers), customers, the community, environment, and the long-term

Every liberal who feels this way should definitely run their own corporations that way.
If they own 100% of the stock, they make 100% of the decisions.

Her ACA would require corporations that claim the legal right of personhood to accept the moral obligations of personhood.
What's your problem with that?

Warren deciding what are "moral obligations" is a problem for me.

Would you consider yourself a moral authority or just another greedy capitalist piggy?

Is Capitalism Moral?

Would you consider yourself a moral authority

Nope.

 

[Toddsterpatriot]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

 

[Toddsterpatriot]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

What's your problem with bringing democracy (not the state) to the workplace?

Why would I let non-owners vote on my company's actions?

That would be like you letting the lawn guy and the garbage man vote on the color you paint your house...hypothetically, if you ever moved out of your Mom's basement.

Why would I let non-owners vote on my company's actions?

Because your owners (shareholders) contribute nothing to your productivity.
Your workers contribute 99% to your productivity.
Can you follow that math?

Because your owners (shareholders) contribute nothing to your productivity.

Too bad.

Your workers contribute 99% to your productivity.

That's why they get a paycheck.

 

[Norman]

Why not stop all the pretense and just have The State take over all business?

It's already clear that you and Princess Lying Rug are Marxists, so just be done with it.

What's your problem with bringing democracy (not the state) to the workplace?

Accountable Capitalism Act - Wikipedia

"With the Reward Work Act, the Accountable Capitalism Act is the second recent proposal to give employees a right to elect representatives on a company board of directors.

"The United States is in a minority of countries in the Organisation for Economic Co-operation and Development that gives no representation of the workforce in corporate governance.[2]

"The Bill's explanatory document states that it seeks to borrow 'from the successful approach in Germany and other developed economies', by introducing that right."

US is not a democracy.

A corporation is certainly not a democracy.

US is not a democracy.

A corporation is certainly not a democracy.

The US is a Democratic Republic.
Would you prefer an aristocracy?
Corporations are closer to a feudal nature than a democratic one.
Give me one good reason to refrain from changing that reality.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Look closely at the stock market and it betrays some fundamental assumptions about the creation of wealth in today’s markets.

"Only 1% of the total value of equity on Wall Street is actual investment in the sense of new money going into firms.

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

"The remaining 99% is speculation – people buying and selling existing stock in the aftermarket of equity."

What's wrong with that?

It's that the socialist believes he is entitled to the money.

 

[Toddsterpatriot]

How do you square this circle: The structure and legal basis of the modern MAGA corporation bears a great deal of resemblance to feudal estates, and this reality is at odds in an era that claims to value democracy over the Divine Right of Kings?

Warren has a plan:

Accountable Capitalism Act - Wikipedia

"The Accountable Capitalism Act, 115th Congress (2017-2018) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018.

"It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending.

"Corporations with revenue over $1 billion would be required to obtain a federal corporate charter.

"The Act contains a 'constituency statute' that would give directors a duty of 'creating a general public benefit' with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.[1]"

The US is among a minority of OECD countries that gives no representation to the workforce (majority) in corporate governance.

For years Warren has claimed "corporations are not people."

Now her Accountable Capitalism Act demands that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood.

If you don't like Capitalism, sell your computer and delete your USMB account.

If you don't like Capitalism, sell your computer and delete your USMB account.

You "think" like one of Trump's slaves.
Why do you support income without productivity?

The Divine Right of Capital by Marjorie Kelly: A Summary

"'If equality under the law is the hallmark of democracy, privilege sanctioned by law is the hallmark of aristocracy.'

"Just as feudal lords extracted wealth from serfs on their lands, today’s aristocracy does the same with corporations.

"Privilege – the right of the aristocracy – is 'a right to income detached from productivity.'

"After the fall of the Roman empire, the feudal lords emerged as a source of order.

"They played a valuable role in bringing social stability, but over time this role and its associated responsibilities faded – and the benefits did not.

"The same has happened with stockholders today."

What's the stage where a Trabant is the best car your shitty economy can produce?

What's the stage where a Trabant is the best car your shitty economy can produce?

Ask your hero

Bitch.

So Communism is a step back, well, five steps back, from National Socialism.

 

[georgephillip]

For years Warren has claimed "corporations are not people."

This is a horseshit belief. The laws of our nation affect how businesses operate. Now Warren is trying to pass a law which would have a tremendous impact on how businesses operate, and she wants them to be gagged and have no say about her proposed law.

Fuck. That. Shit.

Business has every right to have a voice in the legislative arena when they are affected by those laws.

This is a horseshit belief. The laws of our nation affect how businesses operate. Now Warren is trying to pass a law which would have a tremendous impact on how businesses operate, and she wants them to be gagged and have no say about her proposed law

Warren's bill calls for corporations which want legal personhood to be judged by the same moral code as a human being. Right now, the corporation's only concern is maximizing profit regardless of the damage inflicted on society as a whole.

The Divine Right of Capital by Marjorie Kelly: A Summary

"Stockholders reign supreme in corporate governance. In theory, the boards of directors are elected by shareholders, but in reality they are handpicked by the CEO and the existing board.

"There isn’t much actual governance going on in most cases, aside from ensuring allegiance with the prime directive of maximizing returns for shareholders.

"Corporations did not start with shareholder primacy as their prime directive.

"It is primarily something that’s evolved out of common law – the law as interpreted by the courts – and common law can be overturned by legislation.

"The 1919 'Dodge v. Ford Motor Co.' Supreme Court case was the precedent setter on shareholder primacy."