Pleasant Politics

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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] 4 points 1 week ago (3 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 (2 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