this post was submitted on 29 Mar 2024
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Anti-Corporate Movement

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This community is the first one on lemmy of its kind. It sits between the idea of anarchism/anti-capitalism and left leaning economic policy.

Our goal is to make people aware of the dangers of corporate control, its influence on governments and people as well as the small but steady abrasion of empathy around the world indirectly caused by it.

Current topics this includes but is not limited to:

Feel free to debate this but beware, corporate rhetoric is not welcome here. If you have arguments, bring them on. If its rhetoric trying to defend the evil actions of corporations, we will know and you will go.

Our declared goal so far is to have all companies and individuals worldwide capped at 999 mil USD in all assets, including ownership of other companies, sister companies and marital assets. The reason for this is that companies (and individuals) are not supposed to resemble small(?) countries with a single leader(-board) and shareholder primacy. Thats why we feel like they must be kept in check indefinitely.

But companies will just wander off The argument that large companies will just wander off is valid, which we embrace. We dont need microsoft, apple, google, amazon and other trillion dollar companies. There are small competitors being kept small and driven into brankruptcy by anti competitive behavior of these giants or simply bought up and closed. If starbucks left tomorrow, we would not have an issue with this.

But then we have x little microsofts that all belong to the same person(s) If in fact nobody was allowed to accumulate more than 999 mil in assets, they would not be able to own all these. And like defending agains burglary, it is not about complete defence but time and effort. You only have to keep the thief occupied long enough for them to be caught, give up or make a mistake.

But these giants have tons of IP which would then limit our growth Thats another topic we must touch on. We will (only this one time) take a page out of russias playbook and demand that IP of non complying companies (assets over 999 mil USD) will be declared invalid, which opens them up to be copied.

But then they will "live" in one country that doesnt accept this Correct, and they should be taken into custody the moment they enter the airspace of a country that supports this act.

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This post tightly fits what I want to see in this community. Anti-corporate sentiment and "good news" for non corporate entities.

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[–] [email protected] 6 points 6 months ago (2 children)

When buying Bitcoin during one of its pump and dumps is more predictable and profitable that your IPO. I don't mean this as a positive for Bitcoin but as a way to showcase how bad of an investment Reddit was to begin with.

[–] [email protected] 4 points 6 months ago (2 children)

Makes perfect sense! Thanks for contributing.

Someone recently mentioned that IPOs nowadays are just a scam. I tend to believe them. Just the banks and the buddies filling up their pockets. I‘m sad that stuff doesnt work like in the movie the wolf of wallstreet. Just get them on collusion and jail em.

[–] stoly 4 points 6 months ago (1 children)

I do think that IPOs initially did what they say: gather money and allow a company to start up properly. Over the past 20 years, though, the system has been completely gamified and now it's just a way for people to legally pump and dump, with only a few companies actually making something useful among all the mess.

[–] [email protected] 2 points 6 months ago (1 children)

I completely agree. Thats how I view it as well.

[–] stoly 1 points 6 months ago (1 children)

Elizabeth Holmes and SBF are surely good examples of this.

[–] [email protected] 2 points 6 months ago (1 children)

They're both new to me. Feel free to link a source so everyone can read up. :)

[–] stoly 3 points 6 months ago* (last edited 6 months ago) (1 children)

My dear chap, please enjoy the following:

https://en.wikipedia.org/wiki/Elizabeth_Holmes#Downfall

https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Bankruptcy_of_FTX

Both are now in extended jail terms for being horrible, entitled people who thought they deserved all the things.

[–] [email protected] 2 points 6 months ago

Well, this was a fun read! I knew of these two just barely. Now I understand what you mean. Real sweethearts they are! A cold shower runs down my neck.

[–] [email protected] 3 points 6 months ago (1 children)

The Wolf of Wallstreet was based on a true story so stuff does work like that. It also took 10 years before he was indicted.

[–] [email protected] 1 points 6 months ago

That I didnt know. But honestly, jordan belford looks like thw good guy in comparison to todays megacorps. He at least went nuts with the money and didnt pretend to save the world.