A new report says many of the world's biggest companies are actively working to undermine democracy. : futurology

[+] ShaolinRaiden@lemm.ee 40 points 10 months ago* (last edited 2 months ago) (1 children)

[deleted]

[–] grue@lemmy.world 26 points 10 months ago (1 children)

Blackstone Group

The Vanguard Group

It is way past time for voting rights for shares held in mutual funds to pass through to the mutual fund shareholder instead of being voted by the fund manager.

Companies like Blackstone and Vanguard don't own shit for themselves; they only manage it on behalf of others. But they disenfranchise those others while they do it, and that's entirely fucking unacceptable!

[–] dependencyinjection@discuss.tchncs.de 2 points 10 months ago

Blackrock get the voting rights for the shares they hold for funds though and always go with the status quo.

[+] Kyrgizion@lemmy.world 18 points 10 months ago* (last edited 10 months ago) (3 children)

[removed by mod]

[–] ChocoboRocket@lemmy.world 6 points 10 months ago

Don't worry, they'll make them all suicide drones so it's not technically an army!

Flying precision bombs in private hands, a totally normal thing any business could reasonably expect to need and use for standard business operations.

If the founding fathers didn't want corporations to have suicide drones they would have mentioned it in the constitution /s

[–] Peppycito@sh.itjust.works 3 points 10 months ago

Didn't Marx warn us about this?

[–] freeman@feddit.org 2 points 10 months ago (1 children)

Hasnt Microsoft built a Nuclear power plant? There was a post about it in the last few days

[–] zante@lemmy.wtf 11 points 10 months ago

Well the size and power is not novel. And smaller companies have been broken up before now. But that was a different era.

I think that not enough people make the connection between political donations and government policy.

[–] just_another_person@lemmy.world 9 points 10 months ago (1 children)

No shit

[–] Lugh@futurology.today 12 points 10 months ago* (last edited 10 months ago) (1 children)

No shit

It's obvious to some of us, but not to many. Hence why it's so important to keep saying it. Particularly at a UN summit about the future.

[–] bbuez@lemmy.world 2 points 10 months ago

UN summit

sponsored by shell

I jest

[–] dalekcaan@lemm.ee 6 points 10 months ago

[–] Doombot1@lemmy.one 5 points 10 months ago

shocked pikachu

Futurology