@Tfmonkey - In my youth, I was a leftist dipshit. I'm gonna plead poor education and youth on that. All I knew, is that me and my family were at the bottom, and the game was rigged. And the solutions I gravitated to, were "eat the rich" leftist.
I want to thank you for helping me to remove my head from my ass on that matter.
That said, AA presents some interesting ideas here.
@Tfmonkey - Don't know if it was intentional, but I feel like my question was indirectly answered on air, via superchat. Excellent points were made about corruption being the unavoidable problem, the impermanence of any given system, and capitalism being the only option where freedom is the default.
I've had a thought in the time since. Looking for ways to tinker for improvement.. My gripes with the current system is shortsightedness, and corporate driven cultural destruction. ➡️
@Tfmonkey ➡️ Given all that... I was wondering about the legal requirement of "fiduciary responsibility" being a legal requirement for corporate board members (I think that's it. I'm kinda ignorant on corporate structure to be honest... which is why I'm curious to hear your opinion).
What if we eliminated that legal requirement that corporations must act in order to maximize profits? Like, what's the worst that could happen?
@Tfmonkey - Hoped for upside:
- Allows corporate MGMT to pursue long term vision, at the risk of short term profit.
- Allows corporations to prioritize (or simply comply with public zeitgeist) social trends - for example, instead of off-shoring in strict pursuit of profit, a company could hire domestic at the risk of some profit.
Possible downside:
- greater risk for investors. But maybe that's just part of the gamble?
What do you think? Am I far wrong in that it might broadly help culturally?
@Tfmonkey - Anticipated objection: shareholders are owners, and that's why the requirement for fiduciary responsibility exists.. 🤔 and it'd be a fair point.
But what if shareholders weren't owners? What if they bought rights to profit-sharing, contingent on profit being available, but without corporate control? ..or maybe limited corporate control.
In real estate, water rights, mineral rights, surface rights, etc, all exist on the same land. Maybe corporate ownership could be similarly split?
@YoMomz @Tfmonkey AA's answer identifies that English capitalism was different before corrupted business practices,they had gentleman rules that kept the markets stable.Usury practices which is part of Jewish religious practices undermine the market so they could hostile take over and control each sector.As TFM mentioned as soon as America pulled out of Afghanistan,the Taliban took over and corrected the enforcement of buttsex and feminism,Jewish Ideals have become "That's just Business".
@YoMomz @Tfmonkey Do you really think AA's ideas are interesting or are you being sarcastic?
In the case of the former, think about the meaning of the words "Capital seeks to..." and you'll understand why that guy is either a retard or pretending to be one.
Also, for the sake of it, come up with a model where increasing the workforce or lowering wages (even if the workers are paid in chickens instead of money) isn't desirable for the ruling class.
@Based_Accelerationist @Tfmonkey - Re: "Capital seeks to..." Only children take everything literally.
I was asking for TFM's thoughts.
And aren't you supposed to be evangelizing to groypers anyway? Go do that. Please.
A problem with many so called capitalists is they say it is ok if corporations do whatever but not if governments do the same thing
Then the government just hires the corporations to do that thing
They imagine an anarcho capitalist or libertarian capitalist society in which corporations could be good and would be punished by consumers & rival corporations for doing bad and excuse the bad behavior of corporations
They do not acknowledge the difference between theoritical & real behavior
In other words
The problem with Anarcho Capitalists & Libertarian Capitalists is they imagine Corporations are behaving the way they would in an Anarcho Capitalist or Libertarian Capitalist society and treat them as such
When in reality Corporations are behaving the way they would in a Fascist society with Reverse Communism in which the workimg class on the bottom is taxed to pay for Rich Government Supporting Corporations to do the well of a government that is trying to genocide them
Is it the politicians that are bribed by the corporations with lobbyists or the corporations that are bribed by the politicians with government contracts using taxpayer money
I would argue that it happens in both directions
And that it is the same team that ends up in management of both givernments and corporations
And they manage things at the highest level through news outlets that shape the policies of governments, corporations, universities and religious denominations
Before you conclude it is not the news media that is in charge I would suggest you read the first two books by Steven Hassan and Familiarize yourself with the works of Tim Ozman from infinite plane radio
Steven Hassan's third and fourth books are simply second editions of his first two books in my opinion so you could read the second edition or the first edition
If a cult leader controls a group it comes from the source of information at the top which is the news
freedomofmind.com
Opinion - why corporations trade greater short term profits in exchange for lower long term profits
1 Government Policy - If I remember correctly Ashkenazi or Sephardic Jews sued Henry Ford to force him to maximize short term profits
2 People tend to trade long term delayed gratification for short term immediate gratification especially if the selection methods to eliminate short term pleasure seekers have been removed from society by government and corporate policies
@Tfmonkey - More fundamentally than economic affiliation, I'm a firm believer in "everything in moderation".
So even though I'm solidly on team capitalist, and have been for years... 🤔 I can't help thinking that AA presents a few reasons to temper capitalism somehow.
Anyway, if it interests you at all... I'd love to hear your thoughts. Is he putting the cart before the horse? ...or confusing the cause with the effect? Or could some emergent phenomenon influence larger questions? 🫡🍻