Wiping One’s Ass With Stock Dividends

February 26, 2007 at 12:44 pm 4 comments

It might feel a little less soft than normal poofy-wipes, but the moment it soaks up last night’s “I don’t know the source of this food” dinner, you should feel proud.

Proud that you took the bold step to recognize that you have the power to change the world for the better. You know that because you are a stockholder, right? And unless you own stock in socially responsible companies that say, foster research for sequestering carbon from the atmosphere, you are probably in some way profiting from companies that don’t give a rat’s ass about preserving the earth or future generations.

That’s because corporate decision makers are directly required by law to do everything that is legal to obtain and increase profit. Of course, if it’s illegal, they just have it made legal, but I’m not bitching about that today. This fiduciary responsibility of putting dollars into shareholder pockets is defined by law. So it’s their job to make you money, even if it requires dumping toxic waste into drinking water systems, or launching a massive military strike against innocent people of another country.

They are required to do it to make profits, and profits are made from war.

Now, I *HAVE* to assume you have some wits about you. Can anyone truly argue against the idea that at this point in human history, the only way arms control will succeed is if the high tech industry makes more profit from arms control than it can make from weapons-related research and production?

Anyone? Bueller? Bueller?

Fuck me man. I thought humans were smarter than yeast.

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Entry filed under: Corporations, Die Off, Peak Oil, Profits, Random, War.

I Denounce War With Iran Chick burping. Wow.

4 Comments Add your own

  • 1. alantex  |  February 26, 2007 at 4:46 pm

    Nope, they’re not required by law to maximize profits, the requirement comes from something much more powerful — the market. If they don’t maximize profits, investors will sell off their shares, the value of the company will go down, the Board of Directors will fire the executives and hire new ones who will hew to the corporate mantra. If the BoD agrees with the non-profit oriented executives, the investors will kick them out and vote in new directors who will take steps to increase profits and get that share price back up.

    And, BTW, it’s really not the maximization of profits so much in today’s markets as keeping the profits increasing from quarter to quarter. So, if management made a huge profit and impressed everyone in the first quarter and then simply maintained that level of profit, the company would slowly (or not so slowly) fall from favor and its share price would decline.

    Reply
  • 2. peakoilboy  |  February 26, 2007 at 5:34 pm

    Thank you for the correction! Either way, the entire money system is blinking red… the warning lights are flashing. Those executives won’t be able to spend their bonuses if society is in shambles.

    But maybe they can retreat to their private islands with security forces in place. The rest of us need to fight for change.

    Reply
  • 3. JJR  |  February 26, 2007 at 6:46 pm

    Take some time to dig through the archives over at http://www.fromthewilderness.com , especially the stuff on corporate corruption, etc.

    …if you want to see how far down the rabbit hole goes.

    Do not tread lightly, it’s real red-pill/blue pill kind of stuff.

    See also Catherine Austin Fitts http://www.solari.com , especially her commentary on “the tapeworm economy”, etc.

    Google “the CATBIRD SEAT” along with the name of any major corporation and you will come up with some pretty interesting exposes.

    Also, sample some of the articles on “economics” over at http://dieoff.org
    They tend to rip Neoclassical econ a new one.

    FYI, the connection between capitalistic expansion and militarism/imperialism was made first by Marx & Engels in the late 1840s and reinforced by Lenin’s writings on the nature of Imperialism…whatever any of their subsequent shortcomings or those of their followers later, their analysis and critiques are still worthy of due consideration in our age. Uncle Karl can still sound disconcertingly contemporary.

    To quote my favorite activist (who was quoting someone else) “Until you change the way money works, you change nothing”

    Reply
  • 4. JJR  |  February 26, 2007 at 7:54 pm

    Incidentally, Corporations in the United States were originally intended to be chartered only for specific tasks of limited duration, such as building a bridge, etc. In the early days, the Republic kept these things on a very tight leash. Thomas Jefferson was none too pleased about what he complained of, in his words, as “…these moneyed incorporations”;

    Corporate “personhood” was a complete cock-up in the way it entered into American legal practice. This practice of conferring Bill-of-Rights protections to Corporate “persons” is an abomination.

    Abraham Lincoln, near the end of the Civil War, having born witness to so much corporate graft and corruption, and how much war profits had swelled them in size and power, noted that he feared for the fate of the Republic because of them. Eisenhower made a similar, more comprehensive warning in his farewell address, warning about the Military-Industrial complex.

    But, as CIA spook Allen Dulles sarcastically remarked “The American People don’t read”….certainly not history; nor do they pay much attention to the present beyond the Infotainment matrix.

    Some do–you do; I do. Good luck wakin’ up the others in your neck o’ the woods.

    Reply

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