2018/09/13: Facebook is a two-billion-strong democratic community and the personal plaything of an unaccountable thirty-something billionaire.
If it comes down to a contest between the membership and the ownership of Facebook, Zuckerberg will probably win, as he gets to set the rules. In the end it is only the regulatory power of the state that can make Facebook safe for democracy.
there were two big risks with turning the state into a giant automaton. The first was that it wouldn’t be powerful enough.
The second was that it would too closely resemble the things it was designed to regulate. In a world of machines, the state might go native. It could become entirely artificial.
This is the original fear of the modern age: not what happens when the machines become too much like us, but what happens if we become too much like machines.
The machines that most frightened Hobbes were corporations.
Many of the things that we fret about when we imagine a future world of AIs are the same worries that have been harboured about corporations for centuries.
In case after case, the Court is expanding the power of corporations and the very wealthy while making it harder for ordinary citizens to fight back.
Can ethics be quantified? Or, better yet, can a lack of ethics be quantified?
2018/07/22: Of the world’s 100 largest economies, 69 are transnational businesses. How can we control—and ultimately transform them?
Changes in our personal consumption patterns are important, but are ultimately inconsequential compared with the impact of the transnationals that have come to dominate our global economic and political system.
countries and cities compete with each other to beg their corporate overlords for investment dollars, even it means undermining public services and legal protections for their own populations.
Tax stock trades based on the length of the holding period:
- 10% if the stock is held less than a day
- 5% if less than a year
- 3% if less than 10 years
- 1% if less than 20 years
- Zero if more than 20 years
The effects of this single step would be enormous. The financial services industry would be transformed overnight. High frequency stock trading and same-day traders would disappear.
Economists believe in full employment. Americans think that work builds character. But what if jobs aren't working anymore?
Music, Film, TV and Political News Coverage
The seeds of the modern American progressive movement were arguably first sown over 50 years ago by two events which shook American's trust in their gove...
Today's release by Wikileaks of what is believed to be the current and essentially final version of the intellectual property (IP) chapter of the Trans-Pacific Partnership (TPP) confirms our worst fears about the agreement, and dashes the few hopes that we held out that its most onerous provisions...
The modern corporation is made up of people, but we have created monsters whose powers now far exceed that which were originally envisioned.
If you think this decision is only about increasing corporate power, think again.
The origin and timeline of evolution of corporate personhood and corporate constitutional rights preceding the Hobby Lobby ruling.
People can raze mountains, divert rivers, clear forests and give subsidies, grants and preferential loans as a welcome to corporations, but the companies themselves don't have any loyalty to communities
We live in the age of cryptocurrency heists, Chinese moon landings, eco-disasters and electronic cigarettes. Sounds like something out of a cyberpunk novel. Well, a cyberpunk novel without the brain implants, but don't worry, those are coming, too. But one big cyberpunk theme that hasn'
As governments across the globe have struggled with growing government debt, the pressures of austerity and stagnant economic systems, ire has been thrown at the corporate fat cats who - according to the
Basic financial security should be a right for all members of society, yet our present social-welfare system does not adequately support this right and has many other serious flaws. Anne Ryan explains how a universal basic income would increase everybody's capacity to cope with financial shocks and uncertainties far more effectively than the current system and how it would also improve general quality of life, while supporting many different kinds of work, with or without pay.
There are too many large U.S. corporations with outsized political power. But if we enact a progressive corporate income tax on gross income, companies would be able to reduce their tax rates by splitting themselves up.
American democracy is in a sorry state when corporations are granted more access to even the text of sweeping government agreements than the public and its elected officials.' Hilary Matfess, Foreign Policy In Focus
As GOP senators line up in opposition to the DISCLOSE Act, it is becoming clear that the corporate wing of the Republican Party is refusing to budge when it comes to shining light on the secret money that has infested our political system. Lately, mouthpieces of the corporate wing like George Will and Senate Minority