Renssrlaer, NY
In the 1980s, antitakover laws were enacted to deter 'corporate raiders' with
the ostensible goal of protecting jobs and local communities. Neither jobs,
nor local communities have fared so well. The primary beneficiaries of these
laws, it turns out, have been corporate managers, who found themselves
insulated from democratic forces.
I hadn't previously considered this, but it appears ""defined contribution
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Renssrlaer, NY
In the 1980s, antitakover laws were enacted to deter 'corporate raiders' with
the ostensible goal of protecting jobs and local communities. Neither jobs,
nor local communities have fared so well. The primary beneficiaries of these
laws, it turns out, have been corporate managers, who found themselves
insulated from democratic forces.
I hadn't previously considered this, but it appears ""defined contribution
pensions"" (rather than defined benefit) do the same thing. I thought they
were raiding pension funds only to get the cash, but it turns out they had
another goal--further insulation from workers.
The American corporation controls every facet of our lives: where we live, how
we dress, how much time we spend with our families, who we speak to and what
we say. Indeed, even what we believe. And the leaders of these organizations
are further insulated from the opinion of those they rule than the monarchs of
old Europe.
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