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"The manufacturer would
monetize that data by selling
it.
And we were supposed to
pay for the privilege.
I wondered what the point was of my getting
so worked up over government
surveillance if my friends, neighbors, and
fellow citizens were more than
happy to invite corporate surveillance into their homes, allowing
themselves to be tracked while browsing in their pantries as efficiently as if
they were browsing the web.
It would still be another half decade before the
robotics revolution, before
"virtual assistants" like
Amazon Echo and
Google
Home were welcomed into the bedroom and placed proudly on nightstands to
record and transmit all activity within range, to log all habits and
preferences (not to mention
fetishes and
kinks), to be
developed into advertising
algorithms and converted into cash.
The data we
generate just by living will enrich private enterprise and
impoverish our private
existence in equal measure.
If government surveillance was having
the effect of turning the
citizen into a subject,
at the mercy of state
power, then corporate
surveillance was turning the consumer into a product, which
corporations sold to other
corporations, data brokers, and advertisers." - Edward
Snowden |
"An organization is neither conscious nor alive.
To give organizations precedence over persons is to subordinate ends to
means.
When ends are subordinated to means was clearly demonstrated by
Hitler and
Stalin." -
Aldous Huxley
1769 King George III grants a charter to Dartmouth
College.
King George III suffered from a genetic disorder called
porphyria, an over production of the reddish pigments in hemoglobin, which
carry oxygen in red blood cells.
King George III displayed many
symptoms of porphyria, including abdominal pain,
reddish urine and
acute mental disturbances.
Similar symptoms had been reported across several generations of the
royal (blue blood megalomaniac)
lineage due to incestuous relations.
Ironically
arsenic containing
medicines used to treat some of his symptoms probably exacerbated them as
arsenic disrupts hemoglobin production which, paradoxically, triggers many
symptoms of porphyria.
Biochemist Martin J. Warren of the University of
Kent studied strands of George III's gray hair preserved at London's Science
Museum.
They concluded that the hair had
an arsenic content of 17
times the level generally considered to indicate
arsenic poisoning.
"It is extremely likely
arsenic precipitated
severe attacks and
bouts of madness were due to severe porphyric attacks." - Martin J.
Warren
King George III experienced at least five bouts of extreme
derangement, each lasting weeks.
King George III occasionally became
violent, and he often talked to imaginary people; a tree he thought was
King Frederick II of
Prussia.
If King George III had not suffered from severe arsenic
poisoning there is a real
possibility the American colonies may have been dealt with in a entirely
different manner and the
American Revolution never taken place.
"The Declaration, after
all, catalogued the assaults on our freedoms committed by Britain's King George
III.
What has been
built up over the last two and a quarter centuries is a structure that dwarfs
King George III's regime." – K.E. Grubbs
1776 In An
Inquiry into the Nature and Causes of the Wealth of Nations
Adam Smith noted
shareholders who do not
run their own business' but delegate that task to
professional managers made an
economic mistake.
Adam Smith felt
professional managers could not
be trusted to apply the same
"anxious vigilance" to manage "other people's money" as they would their
own and "negligence and
profusion therefore must prevail, more or less, in the management of such an
incorporation."
1816 Legislature of
New Hampshire alters Dartmouth College charter placing appointment positions in
the hands of the governor, adding new members to the board of trustees, and
creating a state board of visitors with veto power over trustee
decisions.
1819
Supreme Court rules in favor of the Dartmouth College charter and invalidates
the act of the New Hampshire Legislature, which in turn allows Dartmouth to
continue as a private institution and take back its buildings, seal, and
charter.
The majority opinion, John Marshall, reaffirms the
sanctity of a
contract.
In the words of Chief Justice Marshall in the famous
Trustees of Dartmouth College v. Woodward case, corporations are
"artifcial being[s], invisible, intangible, and existing only at the intention
of the law."
A corporation is a "creature of the law" that
does not possess
inalienable human rights, but rather "only those properties
which the charter of creation confer on it."
Corporations could be
extensively regulated, although they never really
have been, to ensure that they did not abuse the special privileges and
protections governments conferred on them not shared by individuals.
The
Supreme Court rules that the corporate charter of Dartmoth College qualifies as
a contract between private parties, the King and the trustees, with which the
legislature could not interfere.
The contract is valid because the US
Constitution said that a state could not pass laws to impair a
contract.
Chief Justice Marshall's opinion emphasized that the term
"contract" referred to
transactions
involving individual property rights, not to "the political relations
between the government and its citizens."
This was the
settled understanding both
prior to and after the Civil
War when the Fourteenth Amendment was added to the Constitution, requiring
states to respect the fundamental rights of all Americans.
1844 In Louisville, C. & C.R. Co. v. Letson, 2 How.
497, 558, 11 L.Ed. 353, the US Supreme Court holds that for the purposes of the
case at hand, a corporation is "capable of being treated as a citizen of [the
State which created it], as much as a natural person."
1854 Reaffirmed the result of Letson, though on the somewhat
different theory that "those who use the corporate name, and exercise the
faculties conferred by it," should be
presumed conclusively to be citizens of the State of incorporation.
Marshall v. Baltimore & Ohio R. Co., 16 How. 314, 329, 14 L.Ed.
953
1886 Santa Clara v.
Southern Pacific Railroad Co
Supreme Court never reaches an opinion in the
case and it dies.
The court reporter,
a former railroad man,
inserts the opinion notes of the oral argument of Chief Justice Waite into his
published notes.
This appears to be an announcement that corporations
are "persons" within the meaning of Fourteenth Amendment.
Supreme Court decisions
absolving corporations of responsibility for their wrongful
or negligent conduct is bad for
consumers.
Its impossible for people
injured by corporations to be compensated.
Corporations need not
consider the public interest
or the niceties of the law in the
relentless pursuit of
profit and everyone is a potential
victim.
The entire
society is plunged into conditions leading to tragedy.
Corporations
were created to convert
resources and labor into
profit.
Corporate law was invented to
limit liability and maximize
profit.
Corporate managers often arrange to give themselves
enormous salaries.
1896
General Electric is one of the
original 12 companies listed on the newly formed Dow Jones Industrial
Average.
1911 "Corporation, n.
An ingenious device for
obtaining individual profit without individual responsibility." - Ambrose
Bierce Devil's Dictionary
1927
Federal Reserve bails out the
Bank of England by
increasing the money supply through
cheap loans.
1928 John Merrill, founder of
Merrill Lynch, exits
the stock market, as do insiders at
Lehman Brothers.
1929
John Foster Dulles presides
over the Goldman Sachs trusts.
1950 US
corporations foot 26% of the total US tax bill.
1964 Gardiner Coit Means shows in The Corporate Revolution
in America that the means of
production in the US economy is highly concentrated in the hands of the
largest 200 corporations.
Adolf Augustus Berle, Jr. theorizes that the
fact of economic concentration meant that the effects of competitive-price
theory is largely
mythical.
Adolf
Augustus Berle, Jr., an original member of FDR "Brain Trust", advocates
corporate leadership accept full responsibility toward society in addition to
their traditional responsibilities toward shareholders.
This is in
direct contradiction to nearly all statues governing corporations which require
corporations to maximize return to shareholders.
1982 Dow Jones Industrial
Average contains not a single financial corporation.
The most important challenge
to political invention is assuring the one who produces wealth believes
that he is being fairly compensated by
the association of
shareholders, creditors and
directors of centralized wealth.
Political officeholders drawn to
high profile positions in society exhibit traits such as
superficial charm similar
to that of serial killers and
politicians.
With
self-interest paramount a corporation acts
exactly like a psychopath.
A
corporation is like a human psychopath in
that:
Corporations are irresponsible -
everything is 'at risk' to
satisfy goals.
Corporations are
manipulative -
they manipulate public
opinion.
Corporations have
delusions of
grandeur - "we're number
one".
Corporations lack
empathy and exhibit
antisocial
tendencies.
Corporations
relate superficially -
all that matters are
appearances.
Corporations
are unable to accept
responsibility as they cannot feel remorse.
Corporations are designed to exploit nature for profit.
The cost of
negotiated settlements,
adjudicated civil
suits and fines for illegal
activities is just another cost of doing business.
Purposely breaking the law or
failing to warn of a potential danger is likely to cost less than complying or
warning potential users of known
defects.
Whether it is breaking the law or failing to warn of:
1,2-dichloroethane in
toys;
pharmaceutical side
effects;
endocrine
disruption by polymer solvents;
thyroid disruption by fire retardants.
In most cases fines,
civil penalties and
settlements paid by the
corporation are trivial compared to the
dangerously
self-obsessed profits generated.
For corporations
socially responsibile acts
are simply public
relations ploys.
Corporate social responsibility
is illegal.
Corporate social
responsibility is an oxymoron.
A corporation, by definition of corporate law, is
singularly
self-interested.
The "best interests of the corporation" priciple, a
fixture of corporate law, compels
corporate decision
makers always to act in the
best interests of the corporation and its shareholders.
The law
forbids any other motivation for actions, whether to assist workers, improve
the environment, or help consumers save money.
Corporate officers can
give away their own money, as private citizens but as corporate officials,
however, stewards of other people's money, they have no legal authority to
pursue such goals as ends in themselves - only as means to serve the corporate
interests - to maximize the
wealth of shareholders.
"The corporate design contained in hundreds
of corporate laws across the face of the Earth is nearly identical.
The
people who run corporations have a legal duty to shareholders, and that duty is
to make money.
Failing this duty can leave directors and officers open
to being sued by shareholders (non-voting shares may have an arbitration
clause).
The law dictates to the corporation to
pursue of its own
self-interest - and equates
corporate self-interest
with shareholder
self-interest.
No
mention is made of responsibility to the public interest.
Corporate
law thus casts ethical and
social concerns as irrelevant, or as
stumbling blocks to the
corporation's fundamental mandate." - Robert Hinkley, corporate
lawyer
"I have been saying for the some time now that America has only
one party - the property party.
It's
the party of big corporation,
the party of money.
It has two right wings; one is Democrat, the
other Republican." - Gore
Vidal
"Business enterprise is a creature of a society, and
society can put any business out of existence overnight.
Enterprise
exists on sufferance and exists only as long as society believes that it does a
necessary, useful, and productive job." - Peter F. Drucker
"Until
the Supreme Court overturns corporate personhood,
elected representatives will
be voting for the good of
corporations, not for the good
of people." - Gordon Vanderslice
1990 US
corporations now contribute 9% of the total US tax bill.
early 1990s
"¾ of
the federal
government research money is consumed by the DoD.
½ of
American scientists and engineers are employed as military contractors.
The needs of the Pentagon skew entire industries.
Communities
arise out of nowhere, and as suddenly collapse.
Economists argue endlessly about the
impact of military spending.
The effect of military spending on
government budgets is plain enough: investments of one kind diminish
investments of another." - Cullen Murphy
September 11, 2001
SEC offices are destroyed in
the World Trade
Center.
"The SEC has not quantified the number of active cases in
which substantial files were destroyed.
Reuters and the
Los Angeles Times
published reports estimating them at 3,000 to 4,000.
They include the
agency's major inquiry into the manner in which
investment banks divvied
up hot shares of initial
public offerings during the high-tech boom." - Margaret Cronin Fisk
2002 to 2007
US Justice Department wins
1,236 convictions in corporate fraud
cases.
2004 The wealthiest 1% of American
citizens own 36.9% of all stock.
30% of stock is enough to fully
control most corporations.
2007
Warren Buffet states he feels no imperative
to invest in socially responsible corporations or to press those
corporations in which he invests to be socially responsible.
2008 AIG, the 18th-largest
publically traded corporation on Earth, is delisted from the Dow Jones Industrial
Average.
The Center for Responsive Politics found
lawmakers had as much as $196 million invested in
corporations doing business with the
DoD.
Many corporations are not recognized as
defense contractors and
yet a substantial amount of their business comes from supplying the military.
Pepsico is paid
$286 million; IBM is paid
$291 million; Tyson is paid
$335 million; Goodrich is paid $344 million;
Procter & Gamble is paid
$362 million; Kraft is paid
$500 million; Dell is paid $636
million; FedEx is paid $1.3 billion and
Exxon is paid $1.2 billion.
Also on the payroll is Disney,
Apple, Oakley,
Nestle,
Heinz and
Hershey.
"When we buy
Crest toothpaste, Oscar Mayer hotdogs or a Playstation we are supporting
an increasingly militarized civilian
economy." - Nick Turse
2009
Bank of America,
General Electric and
ExxonMobil pay no
tax.
January 21, 2010 Quest
for corporate personhood completed.
Corporations can now
make unlimited,
direct political contributions.
"The
decision of the Supreme Court in
Citizens United v. the Federal
Election Commission paves the way for unlimited corporate spending in
elections, drowning out the average voice in public policy debates." - Bob
Edgar 1/10
Paths Citizens United Created for Foreign Money to Pour Into US
Elections
The logic of externalization applies to any and all acting
parties.
Profits accrue to those who most successfully externalize their
costs.
A corporation looking to extract resources must con-vince land
guardians the corporation aims to
provide vital resource
management which will create
an enhanced cost-benefit
ratio not possible without corporate intervention.
Corporate owners
know that the eternal formula for business success is to
make someone else pay as much
of the costs as possible to maximize profits.
Do the printers of unwanted
junk mail have to pay the costs of disposing it?
Do makers of chemicals pay clean up
costs contaminated groundwater?
Do frackers have to pay the
costs of cleaning the
aquifers they contaminate?
Do the makers and users of nitrogen
fertilizer pay for eutrophication?
Would
plastic be cheap if medical
costs of toxic
byproducts was added?
"A corporation tends to be
more profitable to the extent it can
make other people pay the bills for its impact on society.
The
corporation is an externalizing machine, in the same way that a shark is
a killing machine.
There isn't any question of malevolence or of will;
the corporation has within it, and the shark has within it, those
characteristics that enable it to
do that for which it was designed.
As a result the corporation is
potentially very, very damaging to society." - Robert Monks
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