#latestagecapitilism — Public Fediverse posts

@godpod life under #LateStageCapitilism :marx: #MarxWasRight

https://open.substack.com/pub/thomhartmann/p/are-the-morbidly-rich-sabotaging-337

#ToxicCapitalism #capitalism #economy #Oligarchs #LateStageCapitilism #EatTheRich #Law #Justice #inequality #rich #wealthy #poor #USA #America #Election #Vote #VoteBlue #Business #entrepreneurship #costofliving #Fairness #Democracy #Equality #Billionaires #poverty #tax

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

Does this include the ice cube?

(From an ad in Harper’s magazine, which kind of encapsulates how I’ve been feeling about the magazine lately.) #latestagecapitilism, #peakskymall #harpersmagazine

Does this include the ice cube?

(From an ad in Harper’s magazine, which kind of encapsulates how I’ve been feeling about the magazine lately.) #latestagecapitilism, #peakskymall #harpersmagazine

Does this include the ice cube?

(From an ad in Harper’s magazine, which kind of encapsulates how I’ve been feeling about the magazine lately.) #latestagecapitilism, #peakskymall #harpersmagazine

Does this include the ice cube?

(From an ad in Harper’s magazine, which kind of encapsulates how I’ve been feeling about the magazine lately.) #latestagecapitilism, #peakskymall #harpersmagazine

It says a lot about our times that (IMHO) when choosing a phone, #Apple feels like the lesser of the two evils. They at least mostly care about privacy.

#LateStageCapitilism #EatTheRich #PrivacyIsDead

Even the books about climate change that try imagine a hopeful future still rely on some from-above change. Our only hope at this point is grassroots community building efforts to face the huge challenges ahead.
https://open.substack.com/pub/mskellymhayes/p/can-we-imagine-ourselves-surviving #solarpunk #nutualaid #clinatechange #LateStageCapitilism #climateResilience