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Elizabeth Warren introduces Senate bill to hold capitalism ‘accountable’ (www.theguardian.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 1 week ago (2 children)

lol, useless, just like sanders. want to do something real liz, introduce a bill to hold healthcare insurance ceo's personally liable for denying medically necessary and professionally ordered medical procedures and prescriptions. that'd be something. but she won't do that. holding "capitalism" accountable, whatever the fuck that means, means nothing gets done, she risks nothing, we gain nothing.

[–] [email protected] 7 points 1 week ago (1 children)

I guess we should just never try then. Wrap it up everybody, we're stuck like this forever because no one is good enough.

[–] [email protected] 0 points 1 week ago (1 children)

never try to do fucking what, what exactly do you think she's "trying to do" here

[–] [email protected] 4 points 1 week ago (1 children)

The bill would mandate corporations with over $1bn in annual revenue obtain a federal charter as a “United States Corporation” under the obligation to consider the interests of all stakeholders and corporations engaging in repeated and egregious illegal conduct can have their charters revoked.

The legislation would also mandate that at least 40% of a corporation’s board of directors be chosen directly by employees and would enact restrictions on corporate directors and officers from selling stocks within five years of receiving the shares or three years within a company stock buyback.

All political expenditures by corporations would also have to be approved by at least 75% of shareholders and directors.

[–] [email protected] 0 points 1 week ago (1 children)

Pretty words. Will never be implemented. Why was it not introduced when it had a chance to pass? Or at least invoke more talk?

As it is now, hardly anyone will hear of it and it will be forgotten soon, except as a sound bite promoting fund drives.

[–] [email protected] 2 points 1 week ago (1 children)

And so I say again, I guess we should just never try then.

[–] [email protected] 2 points 1 week ago

Technically this bill is not trying. It’s grifting.

The only point of her making this bill is to help her fund raisers later.

There are many people trying

[–] [email protected] 6 points 1 week ago

but she won't do that

Both her and sanders have repeatedly pushed for Medicare for all which would destroy the private health insurance industry.

holding "capitalism" accountable, whatever the fuck that means

Did you read the article or just the headline? Because it does have some effective means of disempowering the corporate class.

The legislation would also mandate that at least 40% of a corporation’s board of directors be chosen directly by employees

If 40% of the board of united was chosen by employees then they would have some influence in choosing a CEO that won't fire them and replace them with an ai to reject claims.