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Corporatism

Mortgage Servicer Accused Of Pushing Homeowners Onto Its Auction Site

February 17, 2022 Jessica Goodheart, Capital and Main. , , ,
When Benita Guzman moved from the San Joaquin Valley to Southern California to be closer to family, she was confident that her husband, Alfonso, would find work as a carpenter. The couple bought a $370,000 home in San Jacinto, California, in 2006 with $50,000 in savings, including money withdrawn from Alfonso’s retirement account. But the housing bubble burst the following year. “Nobody was building houses anymore,” remembers Benita, 66. She took various jobs working in payroll, including on Native American reservations, but the couple was ultimately unable to keep up with mortgage payments. The Guzmans managed to hold on to their home for another decade, finally defaulting on their loan in 2018.

On Contact: Corporate Assault On US Postal Service

January 23, 2022 Chris Hedges, RT. , , ,
The corporate seizure of public utilities and privatization of schools is part of a broad assault to turn government assets into assets that will swell corporate profit. The post office has been a coveted target for decades. Corporations such as FedEx and UPS have used their lobbyists and campaign contributions to cripple the government postal service in an effort to destroy it and take it over. These corporations engineered a congressional mandate in 2006 that requires the post office to pre-fund the next 75 years of retiree health benefits in one decade. No other federal government agency is required to carry out a similar pre-payment plan, nor is there any actuarial justification for this measure.

Corporate Multilateralism Deals More Blows To Right To Health

January 22, 2022 People's Dispatch. , , ,
It is no news that transnational corporations have effectively infiltrated institutions such as the United Nations (UN) and the World Health Organization (WHO). Still, according to a new report published by the People’s Working Group on Multistakeholderism (PWGM), their influence has now edged towards a breaking point. The Transnational Institute (TNI), the People’s Health Movement (PHM), Public Services International (PSI), and other organizations members of the working group have warned that surpassing this point will make it even more difficult to reclaim power from corporations, and that will have an effect on all aspects of people’s lives. The original concept of multilateralism refers to the collective responsibility of countries’ governments to collaboratively take decisions important for the future of the world.

For Rich Countries To Honor Their Climate Debt, Tax Multinationals

November 11, 2021 Léonce Ndikumana, Common Dreams. , , ,
For once, most of the debtors are not in Africa, but in the North. I am not talking money, but about climate debt, as natural disasters are multiplying and the fight against climate change has become an existential issue. Since industrialized countries have used the available atmospheric space to develop and get rich by exploiting fossil fuels, the United Nations Climate Change Conference (COP26)—that is coming to end in Glasgow right now—must be an opportunity to recognize this climate debt to Africa, and to developing countries in general, and to honor it. With 4% of global emissions, Africa has contributed very little to global warming. Yet, it is the continent that is already suffering the most from its consequences.

UN-Backed Banker Alliance Announces ‘Green’ Plan

November 10, 2021 Whitney Webb, Mintpress News. , , ,
On Wednesday, an “industry-led and UN-convened” alliance of private banking and financial institutions announced plans at the COP26 conference to overhaul the role of global and regional financial institutions, including the World Bank and IMF, as part of a broader plan to “transform” the global financial system. The officially stated purpose of this proposed overhaul, per alliance members, is to promote the transition to a “net zero” economy. However, the group’s proposed “reimagining” of international financial institutions, according to their recently published “progress report,” would also move to merge these institutions with the private-banking interests that compose the alliance; create a new system of “global financial governance”; and erode national sovereignty among developing countries by forcing them to establish business environments deemed “friendly” to the interests of alliance members.

Glasgow First Draft Text Revealed

November 9, 2021 Greenpeace International. , , ,
Glasgow, Scotland – The first draft of the Glasgow final decision text at COP26 completely fails to mention fossil fuels, despite expert consensus on the need to end new coal, oil and gas immediately to meet the goals of the Paris Agreement 1.5C goal. Thanks to blocking by fossil fuel interests, the first version of the official text, published by the United Nations Framework Convention on Climate Change, fails to acknowledge that fossil fuels are driving the climate crisis, nor does it make any commitment to tangible actions to end global reliance on coal, oil and gas. The text is just 850 words long.  Campaigners are gravely concerned because ordinarily, the first draft of a COP text is relatively ambitious, and becomes weaker over the second week as countries work in caveats for themselves. For the first draft to be so weak does not bode well.

‘Every Turn In This Case Has Been Another Brick Wall’

November 3, 2021 Janine Jackson, Fairness and Accuracy In Reporting. , , ,
Janine Jackson: I will introduce our guest essentially the same way I did in May 2017: When we talk about environmental justice, the emphasis is usually on the first word. That might be what comes to mind when you think about Chevron, formerly Texaco, dumping some 16 billion gallons of toxic oil waste into the land and water of Indigenous and farmer communities in Ecuador. But when, having poisoned those communities, Chevron refuses to clean it up, and instead embarks on a decades-long effort to intimidate and silence anyone who tries to call attention to the disaster they created and profited from—well, then, it’s clear that it’s a story about justice, as well as years of cross-national organizing and solidarity.

Bob Gill Outlines The US Corporate Takeover Of The British NHS

October 20, 2021 Lowkey, Mintpress News. , , ,
The British National Health Service (NHS) once stood as an internationally renowned example of a tax-funded health system that delivered public-health services to millions of British citizens, lifting a huge burden from the sick. However, the rise of neoliberal policies in the United Kingdom has targeted the NHS to become the latest victim of a U.S.-U.K. economic trade deal that would put health care services in the hands of private U.S. corporations. This means that private U.S. healthcare corporations would capitalize on the taxpayer funded budget, “creating private insurance-style funding pools” similar to how healthcare is conducted in the U.S. In this segment of The Watchdog, host Lowkey is joined by Bob Gill — family doctor, NHS campaigner and director of the film The Great NHS Heist.

Corporate Criminal Law Doesn’t Exist

October 13, 2021 Russell Mokhiber, Corporate Crime Reporter. , , ,
That’s the conclusion of two rising young stars in the corporate crime academic world – Iowa Law School Professor Mihailis Diamantis and Michigan Ross School of Business Professor Will Thomas in a new article titled – But We Haven’t Got Corporate Criminal Law! “For more than a century, pearl-clutching abolitionists have decried the conceptual puzzles and supposed injustices of corporate criminal liability,” Diamantis and Thomas write. “Meanwhile, enthusiastic proponents of corporate criminal law have celebrated a system that they believe can deliver justice for victims and effective punishment to corporate malefactors.” “The abolitionists won long ago, through craftiness rather than force of reason. By arguing that the United States should get rid of corporate criminal law, abolitionists have staged a debate that presumes corporate criminal law in fact exists.

Directors Of World’s Top Insurance Companies Tied To Pollution

October 8, 2021 Rachel Sherrington, DeSmog Blog. , ,
Just over half of all directors at 30 of the world’s largest insurance companies have affiliations to polluting companies and organisations, reveals an investigation by DeSmog, including several individuals holding senior roles at some of the world’s largest energy companies. The findings raise concerns over a potential pervasive conflict of interest on the boards at a time when the international insurance sector is under pressure to halt its support for the fossil fuel industry. Positions held by the insurance directors analysed ranged from director and advisory roles, including current roles at ExxonMobil, Total, and RWE, along with current and former memberships to industry trade association and think tanks, such as the US Chamber of Commerce. DeSmog analysed director CVs on company profiles, LinkedIn pages, official filings, and news clippings from July 2021, logging the past and present work experience of 371 insurance directors who currently sit on the boards of 30 of the world’s largest property and casualty insurers.

The Anonymous Executioners Of The Corporate State

October 7, 2021 Chris Hedges, ScheerPost.com. , , ,
Judge Loretta Preska, an adviser to the conservative Federalist Society, to which Chevron is a major donor, sentenced human rights attorney and Chevron nemesis Steven Donziger to six months in prison Friday for misdemeanor contempt of court after he had already spent 787 days under house arrest in New York.  Preska’s caustic outbursts — she said at the sentencing, “It seems that only the proverbial two-by-four between the eyes will instill in him any respect for the law” — capped a judicial farce worthy of the antics of Vasiliy Vasilievich, the presiding judge at the major show trials of the Great Purges in the Soviet Union, and the Nazi judge Roland Freisler who once shouted at a defendant, “You really are a lousy piece of trash!” 

Farmers And Civil Society Reject Corporate UN Food Systems Summit

September 13, 2021 Margaret Flowers, Clearing the FOG. , , ,
The World Economic Forum and Gates Foundation are convening a food summit through the United Nations on September 23. Global farmer, peasant and fishing coalitions have called a boycott of the summit for its pro-corporate agenda, refusal to include the human right to food and exclusion of the intergovernmental body, the Committee on World Food Security, that has created an inclusive and democratized international structure. Clearing the FOG speaks with Patti Naylor, a family farmer in Iowa who works on agroecology and food sovereignty. She is on the board of Family Farm Defenders and a member of the US Food Sovereignty Alliance. Naylor describes the failures of the current global food system, how it is unprepared for the crises we are experiencing and that will occur and why it is headed in a dangerous direction. She talks about the global fight to change the food system to one that is flexible enough to respond to crises and that protects and restores the environment. 

US Corporate Media Watch

September 13, 2021 Richard Medhurst And Roberto Sirvent, Black Agenda Report. , , ,
The idea of achieving women’s emancipation through military occupation is a farce. You cannot have women’s rights, human rights or any rights when you live under the military rule of a foreign occupying power. You are subject to their rule. Even if you want to believe Bush and Blair’s excuses to try and justify this war; saying that they were going after Al Qaeda, well this has nothing to do with that. They didn’t say they were invading Afghanistan for the sake of women’s rights – no matter how just or noble that may sound now. So, to try and use women’s rights now to deflect from the horrors they inflicted on Afghanistan, the millions of people they turned into refugees, the scores they killed – many of whom are women– is an attempt to whitewash their crimes and an insult to people’s intelligence.

On Contact: The Corporatization Of Science

September 5, 2021 Chris Hedges, RT. , , ,
Science in the United States almost exclusively serves the interests of corporate and military power. Science historian Clifford Conner writes that the corruption of scientific endeavor exploded with the 1942-1945 Manhattan Project, the first “big science” venture, in which the government spent massively on developing the atom bomb. Science, from this point forward, became big business. Scientists are employed in “hypothesis-driven” research to promote the interests of the food industry, the tobacco industry, and the fossil fuel industry, attacking or silencing scientific studies that cast doubt on the claims of these industries. The result is a society awash in lies, many of them buttressed by bogus scientific studies carried out to reach the conclusions demanded by those who pay for the studies.

Report Details Corporate Landlord Gluttony As Millions Face Eviction

September 3, 2021 Jake Johnson, Common Dreams. , , ,
Despite their loud public complaints to lawmakers about the supposed "economic hardships" caused by the CDC's now-terminated eviction moratorium, large real estate companies have privately touted their solid performance during the coronavirus pandemic—and they've rewarded their CEOs with major pay increases. A new report (pdf) provided exclusively to Common Dreams by the government watchdog group Accountable.US shows that large corporate landlords have reported "strong or stable" earnings to investors in recent months as millions of people across the U.S. worried about losing their homes. Thanks to the U.S. Supreme Court's ruling against the eviction moratorium on Thursday, millions of people are now at imminent risk of eviction.
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