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0 pointsClumsyPilot6y ago0 comments

Accountability to wallstreet = accountability to consumers? Where is this idea even coming from? Can you name a single instance of Wallstreet punishing anti-consumer practices? Did AT&T selling of customer location data affect stock price?

All your examples are from defence. I've been watching people challenge in court every kind of decision, from roadbuilding to Brexit.

But tech companies circumvent laws, uber is not a taxy company, people driving them are not employees, Youtube is not a media company, etc. Every time this happens, voting becomes more and more meaningless.

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vonmoltke6y ago

> All your examples are from defence.

Half of those examples have nothing to do with the DOD. One of them (Ahmad Arbury) has nothing to do with the federal government at all. Where did you get this idea from?

fieryscribe6y ago

Wall Street punishes companies that are not profitable or are losing money. Consumers can make that happen by walking away when companies are anti-consumer. If they do, profits fall and Wall Street would hold that company accountable.

Why do you think Zoom hired security professionals and bought Keybase? Why do you think Facebook reacted after the Cambridge Analytica scandal? Why do you think TikTok separated itself from ByteDance in China?

Even with the most federal oversight, US banks and financial firms tanked the economy and then got paid for it. And it's not a left-right thing; it's a them-us thing. And if you don't believe that, you only need to take a look at the Panama Papers scandal.

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