Maximize Shareholder Value BS

You always hear that myth that corporation’s first duty is to ‘maximize shareholder value’. Well that’s bunk, and I want an easy place to keep the response when someone tosses that BS my way, so I’m putting it here.

NakedCapitalism has the scoop and ya’ll should check it out. It’s a great econ blog.

 

Also included on that page: 

Hearthstone’s new cards are hard on a free to play (mostly) player.

You REALLY feel the pull of the cash transaction in the ‘free to play’ games at times like these. Hearthstone just came out with a new set of cards and you’d swear that EVERYONE that plays the game(or at least play YOU) gave Blizzard the 50$ for the pre-order of 50 packs.  I payed them for the ‘Blackrock Mountain Adventure Pack’ and honestly that feels like money well spent. Paying for the Naxxramas adventure pack with gold was SUCH a long grind, that I didn’t want to do that again for Blackrock. But now that a whole new set of cards(MANY MORE than in an adventure set) has been released, I feel like I’m grinding to have ANY decent cards again, just like when I first started.

You just don’t know the frustration of having NO cards other than the ‘starter’ ones and the next thing you know, BAM, you play guys with 3 legendary cards and half a dozen epic ones. You just look at that ‘win 2 with this hero you have zero cards with and get 40 gold’ quests and think, HOW? It’s not QUITE that bad because I’ve got MONTHS worth of grinded cards behind me now but I am now at MORE of a disadvantage today than I was on Sunday.

It’s enough to make a guy consider just quitting. (Probably won’t though.)

Troubling

By now everyone and their pet parrot have an opinion on the Indiana RFRA law. I don’t intend to discuss whether that law is good or bad but something more meta about it. Specifically, what’s bothering me is the fact that PEOPLE’S opinions don’t seem to be having much affect on the law makers. No, the only voices that seem to be bothering THEM is from corporations. THAT BOTHERS ME. I don’t think this is supposed to be “government for the corporations by their paid sub-contractors”. The ENORMOUS pressure being brought to bear that everyone is talking about is CORPORATE POWER.

We should ALL be bothered by that. Maybe THIS time the majority of powerful corporations are backing your position but what about NEXT time? Corporations need to have LESS ability to affect our laws and lawmakers and the CITIZENS, the actual PEOPLE, of our country need to have MORE.

How can we do ‘news’ in a capitalist society?

If the news is presented by a corporation(CNN, Fox, MSNBC) then it’ll want to make money off of it’s product or the owners will control the messaging (or both). To maximize profits they want the biggest viewing audience possible at all times. To get the biggest audience the best way is to run stories that scare, or anger or at least ENTERTAINS the audience. Keeping the public actually informed seems a very distant concern, if it’s a concern at all. If you doubt that just look at ANY of the 24 hour news shows. What are they showing almost all the time? Do you really consider what they’re presenting to be informative?

If the news is presented by a governmental group(PBS, BBC), then it’ll be beholden to that government. They won’t do the fundamental requirement of a news agency to question government and it’s officials. The only way I see this NOT happening, is if the government gives a guaranteed amount of money to the news agency that CANNOT be withheld or adjusted by the government, but I just don’t think our congress would EVER agree to such a thing. (I think the BBC is supported by a ‘TV Tax’, but I’m not really familiar with their situation.) Even then you’d still have the very real concern of collusion.

So here we are. Looking at the 24 hour news offerings I see a product that is simply BAD. Bad for the health (physically, mentally AND politically) of it’s consumers, and bad at actually keeping the populace informed.  We’re being divided up and destroyed piecemeal by groups of the super-wealthy that control the corporations that present us ‘news’. Is there a way out? Is there a solution to this problem?

Notre Dame’s issues

I just have a few things to say to the Notre Dame fans out there complaining about their ‘low’ ranking by the selection committee. You have a ‘weak’ schedule this year. It was probably set years ago. You couldn’t have known it was weak when you set it up, but it is. The best team on that schedule BEAT YOU! Your best push to be in the mix is to win. THAT IS ALL YOU (or any team) CAN DO! Win the games on your schedule. If your schedule is weak, like Marshall’s, then you WON’T get consideration PERIOD.

Oh, and whining that “We schedule ‘good teams from big conferences’ unlike all you other teams!” is BULL SHIT!

You have to do that! YOU IDIOTS ARE NOT IN A CONFERENCE WITH OTHER GOOD TEAMS! If if didn’t schedule ‘good teams’ from other conferences you’d be playing such a weak schedule no one would be paying you ANY attention AT ALL!

You want a guarantee to play ‘good teams’ join a power 5 conference, otherwise just accept that some years you’re just going to have a weak schedule no matter how hard you try not to.