Daily Archives: 9 October 2019

“Stand for Something”

Posted on by
Reply

Howard Silver, commissioner of the National Basketball Association, in the aftermath of a tweet by Houston Rockets General Manager Daryl Morey,said in a CNN interview cited by The Wall Street Journal‘s Notable & Quotable,

I think in this day and age, you really do have to stand for something[.]

This is after Rockets players apologized to the PRC for their GM’s tweet, Rockets owner Tilman Fertitta ran away from his GM’s tweet,

Listen….@dmorey does NOT speak for the @HoustonRockets.

and the NBA as a whole affirmed their preference for PRC money over honor.

The NBA really does have to stand for something.

Absolutely.  Except when the NBA comes in for opprobrium from the PRC over a tweet supporting the citizens of Hong Kong. Then the league and its players and team management cower down.

Stand for freedom for the citizens of Hong Kong? They can’t: there’s no headroom under the bed.

An Elizabeth Warren Demand

Posted on by
Reply

Progressive-Democratic Party Presidential candidate and Senator Elizabeth Warren (D, MA) has begun issuing her orders to our private business executives.  And she’s not even the Progressive-Democratic Party nominee for the office, much less the President [bold face emphasis added].

I write in regard to the Business Roundtable’s (BRT) new Statement on the Purpose of a Corporation issued on August 19, 2019. … I write for information about the tangible actions you intend to take to implement the principles, including whether, to make good on your commitment, you will implement the steps laid out in the Accountable Capitalism Act I plan to reintroduce in the coming weeks.

And

If you, and the other 181 corporate executives who signed the BRT’s new Statement on the Purpose of a Corporation, plan to live up to the promises you made, I expect that you will endorse and wholeheartedly support the reforms laid out in the Accountable Capitalism Act to meet the principles you endorse.

And so on.

A key part (among several key parts) of Warren’s Accountable Capitalism Act is her requirement that all businesses above a minimum size must get Federal—not State—charters to continue to operate.

Do what I tell you to do with the corporations you run in my Government’s name, if you know what’s good for you.

This is the core aspect of socialism: Government ownership of an economy’s means of production—the businesses operating in that economy—or Government direction of what nominally privately owned businesses will be permitted to do.

Warren’s letter to those executives can be read here.