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This is a gross misrepresentation and compounded generally by misunderstanding of how corporate law works.
What is meant by this is "in most industries there are a small handful of companies that own some shares in a diverse array of other companies"... to say they "control" those companies, even if they owned 100% of it isnt fair either. Shareholders of other companies dont control them, they can vote for board seats, those board seats vote for CEOs, those CEOs have some degree of control. But even then they explicitly can not act in the interest of the controlling company, that would be illegal. They must act as independent entities and in fact **compete** with the parent company.
@freemo @rayckeith
@deep470
An interesting comment on the abuse of power, the tech- and media-concentration. Mind the fact that we only have the choice between #fascism and the fossilization of conditions that produce fascism. The teleology of positive #bourgeois law is a tautology. The real power relations require a look at the agents who implement this right. CEOs have leeway, but they generally only use it for anticipatory obedience. It's a question of the #socialization of these groups.
@freemo @rayckeith
@deep470
With tech oligopolies it's even worse: people work for free for woke open source projects and find themselves and their products with an infinitely high added value rate in the shopping basket of Google, Meta or Microsoft, all tinkering with the "final solution to the human question" (Weizenbaum) without regulation. You need the philosophy of law, economy, social-science, technology all combined.
#fascism #bourgeois #socialization
@freemo
... and wise faries vigilate over them ...
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come on Freemo, do you really believes such fairy tales?
@rayckeith