Corporations long ago jettisoned “the public interest” from their list of concerns. Then they jettisoned concern for “employees”. Then they jettisoned concern for “customers”. Now, they don’t even care about “shareholders”.
All that matters is “executive compensation” – and whatever temporary charade is required to feather it.
Senior management pumps its own pay packages while dumping employees, moving offshore, devastating communities, defaulting on pensions, screwing customers, and leaving investors holding the bag – just in time to bail out, for the next One-Percent sinecure, by golden parachute.
Accountability to shareholders? See: Fargo, Wells (et al).
In only 200 short years, we’ve passed through the Agrarian Economy, the Industrial Economy, and the Information Economy. And now – finally – we’ve reached the shining apex, logical conclusion, and glorious be-all and end-all of Capitalism: the Take-The-Money-And-Run Economy.
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I’m trying to recall when they prosecuted Peter Thiel for secretly funding others’ lawsuits to bring down a company he didn’t like. Oh right, they let that slide, too.
Hey, TPM. What is it with these useless, bullshit articles? First you had the one about “Is Michael Avenatti Hurting His Client?! Enquiring minds want to know!!!”, and now this piece of useless journalistic tripe.
As someone previously posted, Peter Thiel personally paid for the destruction of Gawker, and I do not recall 35-foot screaming headlines about it from the AP or anyone else in the established media. And if I recall correctly, anyone can contribute to someone’s crowdfunding, whether they have $5.00 to give or $5000. Show me the illegality. Are Avenatti and Daniels going to have to testify before a House committee for 11 hours like Hillary did? Too bad they didn’t crowdfund for a $500M Indonesian real estate development. Apparently the AP thinks Trump’s rampant corruption is all peachy keen and neato.
I do not remember such overwrought reportage when there were half-million dollar crowdfunding totals for anti-gay cake bakers and anti-gay pizza restaurants. Funny how that works, ain’t it, peeps?
Of course they are exerting influence. They are supporting Stormy Daniels in her quest to kick the living shit out of Donald Trump in court. Why in the hell else would anybody be contributing? Like I’m going to contribute to a crowdfunding site that I don’t believe in?
Avenatti/Hannity steel cage match debate! early money on george washington law school grad. college dropout hannity is already moaning: “it was rigged”. “the fix was in.” “i would have won if i hadn’t been high.”
