General Discussion

the legal doctrine for C-Suite officers of publicly traded corporations.

NBC is owned by Comcast. ABC by Disney. CBS by Paramount. CNN by Warner Brothers Discovery. Of course Rupert Murdoch owns Fox, which is also publicly owned. Also the WSJ. The NYT is also publicly traded on the NYSE. And of course Jeff Bezos owns the WaPo. USA Today by Gannett. All publicly traded.

You know what the senior executives of these media companies all have in common:

Their ONLY fiduciary responsibility is to generate PROFITS for shareholders. That's IT. Nothing, and I repeat nothing about truth in News.

We've been going down this trail for a long time. Other milestones on our road to fascism (control of economy by the rich with a theocratic party keeping the populace in check through fear):

1971 - Lewis Powell writes 'An Attack on American Free Enterprise'. This came to be known as the 'Powell Manifesto' and lays out the plan for the corporate takeover of this republic.

1986 and 1994 - deregulation of cable TV, which reduced local news coverage.

1987 - Reagan kills the Fairness Doctrine, which insisted on balanced news coverage and held news sacrosanct from the profit motive.

2000 - Supreme Court halts vote counts in FL. Bush wins by a nose because votes were not counted.

2004 - Bush tries to privatize Social Security, fails, but wins because of skullduggery in Ohio.

2010 - Citizens United allows corporate corruption full reign in campaign financing.

2016 - Democrats nominate Clinton. She loses because Russian hacker arm Cozy Bear interfered in our election.

2017-2020 - McConnell packs Supreme Court with right-wing 'justices' who had been carefully cultivated by billionaire parasite Leonard Leo's Federalist Society.

2021 - Trump incites insurrection to keep power, fails.

2022 - Roe overturned with Dobbs decision.

2024 - Biden decides to run, does horribly in debate. Tosses keys to Harris who has all of four months to mount a successful campaign.

2024 - In spite of taking in over $1 billion in donations which was like a full trough for corporate media advertising revenue, Harris loses. Reports are made of hundreds of thousands of 'bullet ballots' in swing states. Nothing comes of it because of institutionalist Democrats.

2025 - Elon Musk now has control of the US Treasury payment system. Roundups have begun. Trump is starting trade wars. Prices will spike. And the administration is no longer allowing reports to come out to the general public from executive departments. Abortion is against the law, Social Security and Medicare are in danger of privatization, and God knows how much money off the top Musk and his billionaire cronies will be scimming off the top from the treasury. Little Marco has worked with El Salvadore to house 'violent US prisoners.' In the south, states like Mississippi are resurrecting the old Jim Crow laws, and we have plenty of private prisons to provide slave labor in the fields after the immigrants are gone.

So....................the sky's falling......................

Nope.

It already has. Because we might not be able to EVER get our republic back. It is looking more every day like we will be crushed economically under the iron boot of billionaires and Wall Street financiers, and socially under the reign of terror authored by Bannon and Miller. You know I called my representative today - a well-known right wingnut, and her representative in her local office was smarmy nice but refused to convey my concerns to her unless I revealed my telephone number.

I wonder how many of us will end up encamped? I do not think we are living in a free country any more.

On edit, corrected a typo - known, not knows in ref to Powell Manifesto.