Corporate underminers of democracy
www.ituc-csi.org
As an estimated four billion people vote to elect new governments in a historic year for democracy, trade unions are campaigning For Democracy at work, in societies, and in global institutions. The fight for democracy in global institutions Millions of workers have already mobilised for policy change and in the run-up to political elections. They have organised to expand worker power or took militant strike action on the job. Around the world, they are fighting for a vision of (…)
    • grue@lemmy.worldEnglish
      26·
      3 months ago

      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!

      • dependencyinjectionEnglish
        2·
        3 months ago

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

  • Kyrgizion@lemmy.worldEnglish
    18·
    3 months ago

    I mean, dystopian fiction has warned us about this for decades. Some of those companies are already more powerful than many nations, all we’re still missing is the private corporate militaries. But something tells me we’re real close to that reality as well.

    As soon as more power can no longer be bought with cold hard cash, physical violence and power projection will inevitably follow.

    • ChocoboRocket@lemmy.worldEnglish
      6·
      3 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

    • freeman@feddit.orgEnglish
      2·
      3 months ago

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

      • Kyrgizion@lemmy.worldEnglish
        2·
        3 months ago

        Not built but they’re restarting and leasing the Three Mile Island reactor. You know, the one that almost caused Chernobyl 2.0 by partial meltdown.

        What could possibly go wrong?

  • zante@lemmy.wtfEnglish
    11·
    3 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.

    • Lugh@futurology.todayMEnglish
      12·
      3 months ago

      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.