Corporatism

Tribune Publishing Shareholders Let Everyone Down

May 23, 2021 Jon Schleuss, The Newsguild. Organize! Corporatism, Labor Union, Media, Worker Rights

Thousands of NewsGuild-CWA members, myself included, were upset by Tribune Publishing’s announcement today that shareholders approved the company’s takeover by Alden Global Capital, a hedge fund known as “the destroyer of newspapers.” There were several hours of confusion after Patrick Soon-Shiong, owner of 24% of Tribune shares, announced that he had abstained from voting. A marked “Abstain” vote, according to the proxy proposal, would serve as a rejection of Alden’s attempted takeover. However, several reports indicated Dr. Soon-Shiong submitted a blank proxy card, allowing his shares to count as favoring the takeover. I’ve reached out to Tribune Publishing and people close to Dr. Soon-Shiong for clarification. Tribune replied linking to a report by the Chicago Tribune as providing the best clarification.

A national public intercity service, especially if supported by regional public services, would make for a welcome system dedicated to the public interest rather than the profit motive. Image by Canadian Dimension

With Greyhound Gone, Let’s Replace It With A National Public Operator

May 18, 2021 David Moscrop, Canadian Dimension. Create! Canada, Corporatism, Public investment, Transportation

After serving Canadians with varying degrees of success for the better part of a century, Greyhound Canada has elected to cease serving them at all. On May 13, the intercity coach service ended its routes in the country for good. The national press release discussed the “decision rationale” for closing up shop. The company looked back to 2018 and its suspended services in the west, citing “years of declining ridership and the impact of a changing and increasingly challenging transportation environment, including de-regulation and subsidized competition such as VIA Rail and publicly owned bus systems.” Then, it pointed the finger at the pandemic and a 95 percent drop in ridership along with “negligible” support from the public purse. In short, the private market space was untenable.

Shareholders Push To End Secret Political Spending

May 12, 2021 Judd Legum and Tesnim Zekeria, Popular.info. Resist! Corporatism, Money in Politics, Shareholder activism, Transparency

Popular Information focuses a lot of attention on the activities of corporate PACs, even though the dollar figures involved are relatively small. Corporate PACs can contribute a maximum of $5,000 per election to a federal candidate. For a typical candidate that has a primary and general election, that's $10,000 per cycle. So why do we spend so much time tracking this spending? Because corporate PACs are one of the few aspects of corporate political spending that is fully transparent. All of the money donated by corporate PACs to federal candidates is reported to the FEC. Things are a bit more complex on the state level, but it's a similar dynamic. Most states also have fairly regular disclosure of corporate PAC donations. Some states allow corporations to donate directly to candidates but those donations still must be disclosed.

Corporate Versus Public Control Of Science And Technology

April 10, 2021 Nicholas Freudenberg, Stat News. Create! Corporatism, COVID-19, Patent Law, Science and technology

"Science knows no country, because knowledge belongs to humanity.” Louis Pasteur said that in 1876. Today it would be more accurate to say that science belongs to the corporations and investors that have the money, power, and savvy to secure patents and bring new developments to global markets, a change that threatens human and planetary health. As illustrated by the pharmaceutical industry’s windfall profits despite its failure to date to get Covid-19 vaccines to the poorest nations and the poorest in wealthy nations, Pasteur’s observation that bringing science to the world is “the highest personification of the nation” now seems aspirational at best.

Six Ways Chevron Imperils Climate, Human Rights, And Racial Justice

April 6, 2021 Kathy Mulvey, Commondreams. Educate! Chevron, climate crisis, Corporatism, Environmental racism

Although we're barely one quarter into 2021, multiple forces are squeezing Chevron for the preventable harm it is inflicting on the global climate. The company is also being dragged for its greenwashing, its role in perpetuating racial injustice in the United States, and its violations of Indigenous peoples' rights and other human rights from Burma/Myanmar to Ecuador. The table is now set for Chevron's annual meeting in May, where several climate-related shareholder proposals will be on the agenda. Campaigners are calling for votes against both the board chair and the lead independent director on the basis of failures to oversee climate performance.

US Journalists Form Unions To Survive ‘Hedge Fund Vampires’ And COVID-19

March 4, 2021 Billy Anania, Shadowproof. Organize! Corporatism, Journalism, Labor Unions, Media

Many of these unions have sought representation from the NewsGuild, a branch of the Communications Workers of America (CWA). They include editorial staff, who recognize the shared working conditions of an industry in crisis. By forming regional guilds, workers are able to form a network separate from their publications’ overly corporate culture, allowing them to establish shared demands and speak candidly about dwindling job opportunities, racist hiring practices, shrinking newsrooms, and scarcity myths promoted by fat-cat executives. Much of this activity is unreported at the national level, but workers have publicized their actions on social media. Members of the New Yorker Union, for example, have detailed their negotiations with Condé Nast since their January 21 work stoppage. Management has been slow to propose methods of achieving a better work-life balance, and weeks of bargaining sessions have become public record on Twitter.

How A Poor School Groundskeeper Took On Monsanto And Won

February 28, 2021 Roland Close, St. Louis Today. Strategize! Corporatism, glyphosate, health, Monsanto

If a company hides information that suggests its top money-making product is unsafe, keeps adverse findings from regulators, employs ghostwriters to gin up favorable scientific studies and media coverage, funds front groups in an attempt to discredit critics, fails to provide warnings to consumers, and, according to jurors who reviewed a mountain of evidence, is responsible for serious illnesses and death, how would you hold the people responsible to account? If the company were Monsanto, you couldn’t. Monsanto — once one of the marquee corporate names in St. Louis — is now gone, gobbled up in 2018 for a whopping $63 billion. Bayer AG paid a premium and Monsanto shareholders made a bundle, just as lawsuits alleging a link between Monsanto’s Roundup weed killer and non-Hodgkin’s lymphoma were beginning to heat up.

A Private Government In Honduras Moves Forward

February 25, 2021 Beth Geglia and Andrea Nuila, NACLA. Educate! Corporatism, Governance, Honduras, Sovereignty

“It’s almost like an insult that this is happening to us now, after so much sacrifice to develop the community to the point it’s at today,” Venessa Cardenas explains, in Crawfish Rock, Roatán, as she remembers her grandmother who passed away last May at 90 years old. “She was the one who fought for us to have the road, the school, water, all of the basic projects… the government has never given us anything that we didn’t fight for. She gave everything for this community. She’s the reason me and my family are so firm.” Venessa’s community is located between two tourism projects—Pristine Bay and Palmetto Bay—on the Honduran island of Roatán, where she serves as vice-president of the patronato, the community governing council.

Who Are The Ultimate War Profiteers?

February 11, 2021 Christian Sorenson, Covert Action Magazine. Educate! Corporatism, Military Industrial Complex, Wall Street, Weapons makers

The U.S. ruling class deploys the military for three main reasons: (1) to forcibly open up countries to foreign investment, (2) to ensure the free flow of natural resources from the global south into the hands of multinational corporations, and (3) because war is profitable. The third of these reasons, the profitability of war, is often lacking detail in analyses of U.S. imperialism: The financial industry, including investment banks and private equity firms, is an insatiable force seeking profit via military activity. The war industry is composed of corporations that sell goods and services to the U.S. government and allied capitalist regimes around the world.

Do You Remember Cuba’s Dedication to Angola?

January 22, 2021 Don Fitz, Popular Resistance. Educate! Angola, colonization, Corporatism, Cuba

Fed up with foreign wars, Portuguese officers overthrew Prime Minister Marcello Caetano on April 25, 1974. Many former colonies had the opportunity to define their own future. Angola had been the richest of Portuguese colonies, with major production in coffee, diamonds, iron ore and oil. Of the former colonies, it had the largest white population, which numbered 320,000 of about 6.4 million. When 90% of its white population fled in 1974, Angola lost most of its skilled labor. Three groups juggled for power. The Popular Movement for the Liberation of Angola (MPLA), headed by Agostinho Neto was the only progressive alternative.

America Condemns One Violent Mob While Celebrating Another

January 14, 2021 Lee Camp, ScheerPost.com. Educate! Capitalism, Capitol, Corporatism, Violence

Most rational Americans have correctly criticized and denounced the violent insurrection in the Capitol last week. Those moments of attack by a racist, disgusting mob have not lacked for condemnation and denunciation. They were violent. They were reprehensible. They called for the killing of lawmakers, demanded the hanging of Congress members. The liberal media and even most of Fox News have not held their tongues when it comes to excoriating the morally bankrupt people who took part. And I agree with those thoughts. BUT – why don’t we see an equal amount of disgust and condemnation for the violence done by our ruling class, the courtesans of corporate destruction?

India’s Farmer Revolt

December 15, 2020 Subin Dennis, Tribune Magazine. Resist! Corporatism, Farmers, Food and Agriculture, India

The farmers’ struggle taking place now on the borders of Delhi and its neighbouring states is one of the most important mass agitations that India has seen in its three decades of neoliberal reforms. Since 26 November, hundreds of thousands of farmers have congregated on the borders of the National Capital Territory of Delhi. At the beginning, most of them were from the state of Punjab, located about 200 km from Delhi, but many more have since joined from the state of Haryana, which abuts Delhi on three sides, and then from Rajasthan, Uttar Pradesh and Madhya Pradesh as well. With their caravans, the farmers have occupied long stretches of several highways that connect Delhi to its neighbouring states.

Resisting Amazon Is Not Futile

December 14, 2020 Jonathan Rosenblum, The Bullet. Strategize! Amazon, Corporatism, Monopolization, Worker Rights

It seems eons ago, the youth-led climate strike of September 20, 2019 that brought four million people onto the streets worldwide. I was on the sidewalk outside Seattle City Hall, watching thousands of school-skippers march by. And then behind the teens came waves of exuberant people, no more than a decade or two older, their homemade signs held aloft: tech workers, including hundreds of Amazon workers who had stepped out of their comfortable cubicles and palatial glass towers to join the global walkout. They had every right to step lightly. Just a day earlier, the budding Amazon Employees for Climate Justice had forced CEO Jeff Bezos into an extraordinary concession, pledging to move the company to 100 per cent renewable energy and net-zero carbon emissions.

When Centrists Lose, Corporate Media Blame The Left

November 12, 2020 Julie Hollar, Fairness and Accuracy in Reporting. Educate! 2020 Elections, Corporatism, Democrats, Media

Joe Biden hadn’t even been declared the victor of the 2020 election before establishment Democrats, in the face of poorer-than-expected results in House and Senate races, began pointing fingers at the left—with corporate media giving them a major assist. Democrats had been hoping for big wins on election night, with the possibility of winning not only the presidency but also the Senate, and increasing their majority in the House. But while Biden has come out on top, the party’s most optimistic outcome in the Senate would be a 50/50 split (if they win both Georgia runoff seats)...

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