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Thread: The Accountable Capitalism Act

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    The Accountable Capitalism Act

    What with a couple of dozen or so contenders for the Democratic presidential nomination, how does one set oneself apart from the donkey herd? Promising free swag for all has become done to death at this point.

    Senator Warren has an idea. Propose a bill to make all those awful big corporations get a federal charter. Then make them do cool European-ish stuff like make 40% of the board elected by employees and insert all kinds of policy and governance dictates as they occur to you.

    The odds of passage and having to face the consequences of such a brilliant idea being essentially nil, the risks are low and the benefits high. She’ll have something to shout about during those crowded debates It could be the platform plank she can use to surf that blue wave to victory.

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    Senior Member iris lilies's Avatar
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    God Bless America!!!

    I dont know what I mean by this, but I felt the need to express this after this rousing summary of our future.

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    Quote Originally Posted by iris lilies View Post
    God Bless America!!!

    I dont know what I mean by this, but I felt the need to express this after this rousing summary of our future.
    It’s a newer, bolder ACA! Our compassionate political elite will seize the means of production! And we won’t even need to carry it on the federal books!

    I don’t know why anyone hasn’t thought of this before!

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    Senior Member catherine's Avatar
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    Yeah, I wish she wasn't going this far. I'm in favor of breaking up or reining in the oligarchy we have now, but even though she's targeting only those corporations with 1B or above, this is definitely come across as way too socialist a pill for most to swallow.

    I still believe that unfettered capitalism has done a lot of harm, but not sure Warren has the right answer. But I'm all for an improved ACA in the form of a single payer system. That's something I'll vote for.
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    Senior Member catherine's Avatar
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    Here is a great quote from a comment in the NYT following an article about hubris (such a great word).

    "Yes, the planet got destroyed. But for a beautiful moment in time, we created a lot of value for shareholders."

    And here is the article: https://www.nytimes.com/2018/08/16/o...mentsContainer

    So Warren's proposal seems extreme, but what's that quote about extreme times calling for extreme measures?
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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    Quote Originally Posted by catherine View Post
    Here is a great quote from a comment in the NYT following an article about hubris (such a great word).

    "Yes, the planet got destroyed. But for a beautiful moment in time, we created a lot of value for shareholders."

    And here is the article: https://www.nytimes.com/2018/08/16/o...mentsContainer

    So Warren's proposal seems extreme, but what's that quote about extreme times calling for extreme measures?
    Like the New Yorker cartoon that quote comes from, Warren's bill has some crudely drawn aspects. I especially like the requirement that corporations be managed "for the general public good". So brilliantly vague. It could mean anything the government wants it to this week. If you want to set about fettering capitalism, that's the way to do it. Or more likely send capital overseas.

    But on the positive side, I suspect this was never meant to become law. More likely just red meat for the leftist base that will be essential in the primaries if a bit of an albatross in the general election.

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    Senior Member Ultralight's Avatar
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    The creatures of capitalist propaganda will never seen fault in the system. Capitalist apologetics are a powerful form of self-deception.

    Besides, all those Europeans over there live miserable, short, brutish lives. They have the longest lines at hospitals. They work from can't see in the morning until can't see at night. They live on black bread, oat gruel, and boiled potatoes.

    If only they had a more capitalist system! They'd be able to choose from 800 kinds of sugary cereal and drive huge SUVs to their next door neighbor's McMansion to enjoy an artery clogging/diabetes-inducing meal of barbecued meat, pizza, Twinkies, and Bud Light while watching overpaid sports stars chase a ball around.

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    Senior Member Ultralight's Avatar
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    Quote Originally Posted by LDAHL View Post

    But on the positive side, I suspect this was never meant to become law. More likely just red meat for the leftist base that will be essential in the primaries if a bit of an albatross in the general election.
    Bingo!

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    Senior Member Ultralight's Avatar
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    Warren uses socioeconomic justice to inspire the Dem base like Repubs use abortion bans to inspire their base. haha

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    Quote Originally Posted by Ultralight View Post
    The creatures of capitalist propaganda will never seen fault in the system. Capitalist apologetics are a powerful form of self-deception.

    Besides, all those Europeans over there live miserable, short, brutish lives. They have the longest lines at hospitals. They work from can't see in the morning until can't see at night. They live on black bread, oat gruel, and boiled potatoes.

    If only they had a more capitalist system! They'd be able to choose from 800 kinds of sugary cereal and drive huge SUVs to their next door neighbor's McMansion to enjoy an artery clogging/diabetes-inducing meal of barbecued meat, pizza, Twinkies, and Bud Light while watching overpaid sports stars chase a ball around.
    Hey, Belgium is fine. For Belgians. If Americans decide to tax themselves more and let government make more decisions for them, they are free to vote accordingly. But this nonsense about how we can painlessly get all this stuff just at the expense of a few odious rich guys is fantasy.

    Personally, I like living in a slightly more free and ruthless society. I like Twinkies too.

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