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TerdFerguson
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https://www.cnbc.com/amp/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html

Quote :
"Shareholder value is no longer the main focus of some of America's top business leaders.
The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the "purpose of a corporation."
The reimagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals, according to the statement."


Some real knee slappers in this one.

[Edited on August 19, 2019 at 4:27 PM. Reason : We’ve entered the “lip-service” to sochulism stage of late capitalism]

8/19/2019 4:24:50 PM

LoneSnark
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There has always been shareholder value in lying to the public about your goals because it helps keep the powers that be at bay. But the real benefit to the public is in maximizing value of resources, which is a close approximation to maximizing shareholder value. As such, if only business leaders actually had shareholder value in mind, we'd be better off as consumers.

Quote :
"Just ungodly amounts of money being poured into the market so a corporation can hit its Q3 stock price numbers. Actual investment in your company is for chumps."

As we should expect it to be, since the government has constrained competition to such a degree. We need to scrap much of the patent system, the entire design patent system, slash copyrights, slash zoning restrictions, and keep deregulating industries until profits return to more reasonable levels.

[Edited on August 20, 2019 at 9:45 AM. Reason : .,.]

8/20/2019 9:38:51 AM

TerdFerguson
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8/20/2019 11:16:53 AM

TerdFerguson
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Ok, sorry for that meme non answer Lonesnark, now I have a legit question:

Does trust busting fit into your “deregulation” prescription? Like literally breaking apart giant businesses to promote competition? Or is “deregulation” to you more along the margins reductions in consumer and marketplace rules?

[Edited on August 20, 2019 at 11:48 AM. Reason : ......I’m not really sorry]

8/20/2019 11:48:08 AM

ScubaSteve
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Quote :
"We need to scrap much of the patent system, the entire design patent system, slash copyrights, slash zoning restrictions, and keep deregulating industries until profits return to more reasonable levels."


Sounds like China without the state run companies to me.

8/20/2019 3:10:58 PM

LoneSnark
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^ State run capital markets are a major hindrance in China's economy, to be sure. Not to mention the chronic favoritism. It is no accident that many of their wealthiest citizens are high ranking military officials and not members of the business class like one would expect. But, being able to have your competitors suddenly sent to re-education camps tends to help ones bottom line.

^^ It is conceivable that trust busting might be necessary under some super rare scenarios. Last I heard, many economists posit that there might be an issue in the current diamond mining business. But, artificial diamonds exist, so even if the market for "natural diamonds" is captured, substitutes exist.

As for non-mining markets, there is no real need for trust busting. America ran without such laws for over a century and American did not appear to be hindered by their lack of anti-trust laws during that time. America was of course hindered by lots of laws it did have during this name, but such wasn't what you asked.

8/20/2019 11:23:41 PM

Dentaldamn
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Quote :
"We need to scrap much of the patent system, the entire design patent system, slash copyrights, slash zoning restrictions. "



I can’t see into the future but if a Democrat proposed this it would inevitably be called a socialist plot to destroy the economy.

8/21/2019 6:40:16 AM

LoneSnark
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I can't imagine either a Democrat or a republican proposing such

8/21/2019 8:35:12 AM

dtownral
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patent reform has been proposed multiple times

[Edited on August 21, 2019 at 9:00 AM. Reason : .]

8/21/2019 9:00:44 AM

LoneSnark
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For something that is causing so much damage, I'm not surprised they're considering making changes on the margin. But none of those bills, best I've heard, would have actually "fixed" the system even if they had a chance of passing.

8/21/2019 10:59:46 AM

dtownral
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they have offered proposals that started out with big changes

i'm referring to your post that no one would propose them, they of course get watered down to little because of corporate interests. regulation like this happens because the "free market" wants and creates it.

8/21/2019 11:43:11 AM

Dentaldamn
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The “feature not a bug” saying always bothers me.

But this is definitely a feature not a bug.

8/21/2019 6:16:22 PM

Pupils DiL8t
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The non-profit .org has been sold to a private equity firm.

https://www.theregister.co.uk/2019/11/20/org_registry_sale_shambles/

11/22/2019 8:09:30 AM

dtownral
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Quote :
"When a deep red town’s only grocery closed, city hall opened its own store. Just don’t call it ‘socialism.’"

https://www.washingtonpost.com/nation/2019/11/22/baldwin-florida-food-desert-city-owned-grocery-store/

11/22/2019 10:20:24 AM

LoneSnark
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When it is decided that government needs to ensure a business exists that customers alone refuse to support, we know how to do that, and "government owned" is not it. The government writes up an agreement for what the business will provide, then they hold an auction, and private individuals submit bids to fulfill it. The agreement is for multiple years, with a first-right-of-refusal for renewal after the term is up. The government will pay a flat fee (or whatever it winds up being) and the private business owner figures out who to hire and manages work schedules. The purpose is to use competition to minimize the size of the subsidy to be only what is needed to get the service fulfilled.

11/23/2019 5:19:00 PM

dtownral
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so the government had a plot of land with an empty grocery store on it and no one was interested

11/23/2019 5:23:14 PM

Dentaldamn
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When it is decided that government needs to ensure a business exists that customers alone refuse to support do not provide a sufficient profit margin.

11/23/2019 5:35:07 PM

LoneSnark
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^ what you wrote and what I wrote mean exactly the same thing. Small businesses often wind up profiting their owners by about the same amount of money a government bureaucrat would get as a salary. From looking at other concessions such as state parks, usually the biggest difference is an owner tends to be on-site doing the work while at a government run park they hire a college graduates which then brings in volunteers to do the actual work. And yet, after gobbling up free labor, government run state parks still usually wind up costing several times more to operate than the private alternatives.

11/24/2019 3:54:59 AM

dtownral
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ok

11/24/2019 8:51:14 AM

horosho
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Government-run, state-socialist enterprises are not the full manifestation of socialism. Replacing the capitalist with a bureaucrat only provides capital where it wouldn't naturally go but doesn't solve any of the other capitalist problems.

True socialism would be a government funded, worker/community owned cooperative enterprise.

[Edited on November 24, 2019 at 11:35 AM. Reason : socialism= control by the community and workers, not government (even though they should be the same]

11/24/2019 11:33:52 AM

Dentaldamn
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Thanks for the info nerd.

11/24/2019 12:20:25 PM

NyM410
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https://twitter.com/nataliekitro/status/1240052515799994371?s=21

100% going to use money that should be going to families and hourly wage workers to prop up another failed corporation, arent we? And one that cut corners and directly caused people to die.

Super cool.

** and to be fair, BA is a huge manufacturing stalwart. If taxpayers need to pony up even a dime then, at MINIMUM, there should be zero executive bonus comp and zero allowance of share buybacks. At minimum.

[Edited on March 17, 2020 at 9:10 PM. Reason : X]

3/17/2020 9:08:26 PM

horosho
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My friend works for marriot and is laid out. Applied for unemployment and they denied it because he's not laid off, just cut to zero hour schedule and has no healthcare.

3/17/2020 9:28:25 PM

LoneSnark
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That must be a mistake. A permanent zero hour schedule is laid off. Otherwise an employer that doesn't want their UE insurance premiums to go up can choose to just put everyone on a zero-hour schedule forever rather than lay them off.

They'll do weekly certification online in case Marriot puts them back to work or they find another job. I suspect they may have filled it out excessively honestly. They don't want people applying just because their boss isn't working them this week, or even these two weeks. But "we'll probably bring you back after virus season" is laid off, they're just leaving you in their system to make things easier on themselves.

[Edited on March 17, 2020 at 11:07 PM. Reason : .,.]

3/17/2020 11:07:36 PM

dtownral
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^^ I dont believe you

3/18/2020 7:23:56 AM

rwoody
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He def stole that from Twitter, saw it floating around yesterday

You gotta change some key words if you're gonna plagiarize

https://twitter.com/DocDre/status/1239991774485123081?s=19
Quote :
"My brother got laid off yesterday from Marriott.

He applied for unemployment; they called to check his employment status.

Marriott HR says he’s NOT laid off but on a ZERO hour schedule. So he can’t qualify for unemployment NOR does he have health insurance."


(in before "oh so that's the only Marriott employee" response)

[Edited on March 18, 2020 at 8:55 AM. Reason : E]

3/18/2020 8:52:35 AM

horosho
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You're missing the point.

3/18/2020 9:43:14 AM

dtownral
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the point is that you took something from twitter and pretended like it happened to someone you know and embellished it to make it more untrue

[Edited on March 18, 2020 at 9:45 AM. Reason : ed]

3/18/2020 9:45:07 AM

Geppetto
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is the point a hypothetical about something that could happen if a company were not being a good steward? Are we delivering parables via Twitter these days?

3/18/2020 9:47:30 AM

dtownral
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you can still qualify for unemployment if they cut your hours to zero, it's basically being furloughed

3/18/2020 9:50:26 AM

horosho
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You're making shit up. Someone told me this story over the phone that he saw a friend of ours post it (and I am also friends with that guys brother who he said posted it). I did my best to type it out accurately (and did a pretty good job). Its not that twitter account but you didn't know that it wasn't and none of that is relevant at all.

So what if its on twitter? Had I saw it on twitter I would've just posted the link.

3/18/2020 10:03:35 AM

dtownral
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what state is your "friend" in?

3/18/2020 10:06:35 AM

Geppetto
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^^ The point is that the information you spread and even the Twitter post itself is on the same plane as fake news, creating downfalls and problems with which we're all familiar.

3/18/2020 10:28:01 AM

horosho
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^Fair point. Good thing I brought it on here where forensic specialists were able to vet it before I told anyone else.

3/18/2020 12:44:38 PM

Dentaldamn
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What a fucking joke.

3/18/2020 6:23:57 PM

A Tanzarian
drip drip boom
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lol

3/18/2020 6:33:07 PM

LoneSnark
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^ You're welcome! Such is what we're here for, after-all.

3/18/2020 8:08:56 PM

rjrumfel
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James Dyson says he'll take your late capitalism, and raise you.

https://www.cnn.com/2020/03/26/tech/dyson-ventilators-coronavirus/index.html

3/26/2020 9:46:20 AM

BettrOffDead
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This is the problem with people like horosho.

Straight up caught red handed in a lie, and instead of admitting guilt and apologizing for lying, or even feeling some shame for lying, they double down and admit they lied and tell you that you're the asshole for catching them.

and i get it, it's the wolf web, a place where i lied and said "i [played chess so good against an opponent] that his ass had to be carried out on a stretcher". and it is different, because there's ZERO chance that's true. you are actively lying in a way that is meant to sound plausible in order to trick people. and you think that's ok to do.

tl;dr horosho has a small dick

3/26/2020 10:21:43 AM

horosho
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me lying would have been making up a story not telling you a story i heard from someone else. my friendship or non friendship with the subject affects the story in no way. it could be a lie now but even if i was friends with the guy who posted it, it could still be a lie.

if you read a posts thinking "let me do some research so i can find one inconsistency" in order to distract from the central point of the post then yeah, you're a complete asshole.



[Edited on March 26, 2020 at 11:51 AM. Reason : theres a difference between lying and not knowing what youre talking about]

3/26/2020 11:49:33 AM

rwoody
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Maybe you shouldn't post anecdotal stories that are impossible to verify then. What value is gained from posting some 4th hand ass story

3/26/2020 12:01:32 PM

NyM410
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It it going to be late capitalism when the free market kills of the fracking industry but then the federal government gives them massive payments to keep them afloat to try and win Pennsylvania in November? Or is that early socialism?

Or just a form of crony capitalism?

4/20/2020 10:35:59 AM

daaave
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I think you could just call it fascism

4/20/2020 11:25:04 AM

LoneSnark
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^ Seems fair.

4/20/2020 12:08:50 PM

NyM410
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https://twitter.com/kevinarnovitz/status/1254798082329329664?s=21

Lol, come the fuck on.

4/27/2020 12:05:28 PM

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