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As Lame-Duck Trump Pushes for Arctic Pillage, Bank of America Latest Bank to Rule Out Drilling in Alaska Wildlife Refuge

Originally published at http://www.commondreams.org/news/2020/12/01/lame-duck-trump-pushes-arctic-pillage-bank-america-latest-bank-rule-out-drilling

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Some good news! Thank you Sierra Club and the Gwich’in indigenous people. .

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The whole planet is Sacred. Was sacred until the Judeo-Christian empire exploded, replacing the sanctity of Nature with the “sanctity” of human life–ALONE.

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Note that the ‘Bank of America’ is a ‘corporation’. It is owned by ‘shareholders’. Ownership can be diverse. One of 10 largest owners of the Bank of America is the Norwegian state ‘Pension Fund’. In another example, ‘superannuation’ (retirement) funds owned by Australian workers have over 6 trillion dollars invested in ‘corporations’ around the world.

Corporations are answerable to their shareholders – unlike for instance the largest funders of climate change denial, the Koch brothers whose ‘Koch Industries’ - a propriety enterprise owned by them and only answerable to the brothers’ personal greed.
+ttps://www.greenpeace.org/usa/global-warming/climate-deniers/koch-industries/

In some contrast to the above example see: ‘The Investor Revolution’
+ttps://hbr.org/2019/05/the-investor-revolution

This forum tends to use ‘corporation’ as a blanket term for any and all for-profit business undertakings (e.g. ‘corporate media’) when the term ‘commercial’ would be more appropriate. For example the ‘Washington Post’ is owned by Jeff Bezos who paid cash for it with no need to raise capital by selling ‘shares’.

Also there are elsewhere not for profit ‘corporations’ such as the Canadian, British and Australian public ‘Broadcasting Corporations’. With the ‘ABC’ being completely funded by taxes, having perhaps one of the only websites left in the world that is completely free of advertisements - +ttps://www.abc.net.au/. (More on ‘nonprofit organizations/corporations here: +ttps://en.wikipedia.org/wiki/Nonprofit_organization)

So until the collective means of production is realized (see: +ttps://www.marxists.org/subject/economy/authors/pe/pe-ch28.htm), suggest that ‘corporation’ be used more sparingly and specifically and not as an all-encompassing ‘bogey’ word/term.

Except in most cases that’s meaningless in practical terms.

Alinsky got shareholders to send him their proxies when he was organizing the battle against (I think it was) Kodak in Rochester, and it worked.

But as happens with political voting too, unless everyone votes together, the legal owners of the corporations are too atomized to have any effect and the executives can continue to run them to benefit themselves.