Then you would still have private equity firms fucking everyone over, but with even less regulatory oversight.
I think publicly traded companies should be nationalized under an independent and thoroughly-audited oversight body accountable to the taxpayers, and any profits generated should be distributed to fund public works, social services, welfare benefits, and civil sector orgs.
And the idea of infinite growth needs to be abandoned entirely. These major internet companies need to be viewed as a public utility, and their goal should be to provide stable, reliable, quality services rather than churn an endless profit. This can only be done after nationalizing them though.
We might be able to get the left-libs on board by using tax incentive structures and laws to make it way more attractive for big investors to seek steady profit levels, which would also reduce the necessity to nationalise companies. Windfall taxes are one way, where you take almost every piece of profit above a certain ceiling.
Obviously we should still nationalise natural monopolies like Amazon and Google. Internationalise them, even.
The US can’t even ban elected officials from trading stocks. It has a president who openly brags about his own grift and nobody does a thing. I don’t think it’s going to happen soon…
That’s the reason we should get rid of publicly traded companies.
Then you would still have private equity firms fucking everyone over, but with even less regulatory oversight.
I think publicly traded companies should be nationalized under an independent and thoroughly-audited oversight body accountable to the taxpayers, and any profits generated should be distributed to fund public works, social services, welfare benefits, and civil sector orgs.
And the idea of infinite growth needs to be abandoned entirely. These major internet companies need to be viewed as a public utility, and their goal should be to provide stable, reliable, quality services rather than churn an endless profit. This can only be done after nationalizing them though.
We might be able to get the left-libs on board by using tax incentive structures and laws to make it way more attractive for big investors to seek steady profit levels, which would also reduce the necessity to nationalise companies. Windfall taxes are one way, where you take almost every piece of profit above a certain ceiling.
Obviously we should still nationalise natural monopolies like Amazon and Google. Internationalise them, even.
One step after another, and don’t look down.
The US can’t even ban elected officials from trading stocks. It has a president who openly brags about his own grift and nobody does a thing. I don’t think it’s going to happen soon…