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We must hold capitalism accountable. Elizabeth Warren shows how


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The Accountable Capitalism Act addresses these issues. The bill would require corporations with more than $1bn in revenue to apply for a corporate charter from the federal government. To get this charter, the companies would effectively have to become benefit corporations (or b-corps) – companies that recognize that their duties extend beyond maximizing profits for shareholders. In addition, 40% of the board would be elected by employees, top executives would have to hold stock for five years (or three years if there’s a stock buy-back), and three-fourths of the board and shareholders would have to vote before the company used funds for political purposes.

 

https://www.theguardian.com/commentisfree/2018/aug/18/capitalism-accountable-elizabeth-warren-ganesh-sitaraman

 

 

Worth taking seriously. 

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"Bythe Gilded Age, corporations had become some of the most powerful entities in the country. President Rutherford B. Hayes once wrote that America had become “a government by the corporations, of the corporations, and for the corporations.” 

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7 minutes ago, untitled said:

The Accountable Capitalism Act addresses these issues. The bill would require corporations with more than $1bn in revenue to apply for a corporate charter from the federal government. To get this charter, the companies would effectively have to become benefit corporations (or b-corps) – companies that recognize that their duties extend beyond maximizing profits for shareholders. In addition, 40% of the board would be elected by employees, top executives would have to hold stock for five years (or three years if there’s a stock buy-back), and three-fourths of the board and shareholders would have to vote before the company used funds for political purposes.

 

https://www.theguardian.com/commentisfree/2018/aug/18/capitalism-accountable-elizabeth-warren-ganesh-sitaraman

 

 

Worth taking seriously. 

Seriously worth taking.

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1 minute ago, XavierOnassis said:

Warren did not advocate the government paying to send poor students to Harvard. She is an acknowledged expert in consumer finance. Harvard has more money than God, and few students pay the full tuition. Most get some sort of scholarship.

 

seriously taking worth.

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