Corporate/Finance Criminality

The New York Times of March 20, asks rhetorically: “Is Our Fight Against Coronavirus Worse Than the Disease?”

As we approach the middle of March 2020 with Super Tuesday behind us, the moderate candidacy of Joe Biden has gained momentum, notching ten victories. The recent spat of moderate candidates dropping out (Buttigieg, Klobuchar, Bloomberg, Steyer) alongside Elizabeth Warren’s decision to stay in for Super Tuesday (and dropping out right after) boosted Biden into the lead in delegate count, but it is unclear going forward whether he will be able to gain ground or maintain his advantage.

This week, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior… all in all bringing the financial markets to lows not seen since April 2008, and veering dangerously close to a precipice which has 1929 written all over it.

Recently, the ridiculous real estate company WeWork has faced intense scrutiny after their business model was absurdly overvalued and their CEO, one Adam Neumann, was exposed as an abusive boss as well as an overall crazy person. Investors from the Saudi royal family, companies like SoftBank and J.P. Morgan, and numerous venture capitalists poured vast sums of money into the company, fueling its overvaluation, which ran as high as 47 billion dollars.

In class society, everyone lives as a member of a particular class, and every kind of thinking, without exception, is stamped with the brand of a class.
— Mao, On Practice, 1937
That belief in Christ is to some a matter of life and death has been a stumbling block for readers who would prefer to think it a matter of no great consequence.
— Flannery O’Connor, Wise Blood, March 6, 2007

Dear true environmentalists: I am with you.1
Corporate pollution and releasing of toxic substances should be treated as a criminal act, with full power to seize assets for reparations, actual reparations, not just punitive fines.