‘B2B’ (business-to-business) firms specialise in being suppliers, providing components or services to other businesses, and never touching ‘the consumer’ (who we’ll meet below). This is one reason why managers love to automate (unless the automation threatens their own jobs, which - in the age of AI - it’s now doing).Ĭorporate capitalism is an ecosystem, with mega corporates serviced not only by other corporates, but also by thousands of smaller SMEs and individual contractors. One of the great chain-reaction battles in capitalism occurs when shareholders pressure managers to extract profits, which makes them attempt to drive down wages and to replace workers with machines. This is a major source of class struggle. It’s because he owns the shares of the hollow shell that owns the assets that are activated by Amazon workers, those people in the warehouses and the drivers who turn up at your door. The reason why Jeff Bezos makes $35 million per day is not because he does any work. The workers get paid relatively small fixed sums (wages, salaries) to operate the assets, which is what the shareholders are relying upon in order to extract what Marxists would call ‘surplus value’. This is because the shareholders, creditors and managers will literally make nothing unless the assets owned by Hollow Shell are actually operated by somebody. We’re used to hearing billionaire shareholder-CEOs claim that they ‘create jobs’, but in it’s equally valid to say that all those jobs ‘create billionaires’, and enrich the financial sector. Hollow Shell will never do anything unless workers activate its assets, so corporate profits stem just as much from workers as they do from financiers or managers. When doing this, the big funds can take on two basic personas: shareholders (equity investors) or creditors (debt investors). One basic role of the big funds is to pool the money of various smaller players - such as pensioners - and one basic role of the investment banks is to then corral these funds into capitalizing corporations. pension funds, insurance funds, sovereign wealth funds, mutual funds, hedge funds, private equity funds and venture capital funds), all of which operate within a multi-layered monetary system underpinned by central banks (I write a lot about that monetary system on this site, so I’m not going to focus on it in this piece). The mainstream financial sector is largely constituted by commercial banks, investment banks and mega funds (e.g. Capitalization is the process whereby the empty corporate vessel’s account is charged up with money - like charging up an empty battery - and the financial sector is where we go for that. To be able to act in the world, Hollow Shell needs a bank account, but that account will initially be empty. For now, let’s just call it Hollow Shell Inc. It’s hollow centre can be filled up with a logo and a name. The Lego Corporate Capitalism starter set comes with a circular representation of one of these corporate entities. At the core of corporate capitalism, then, are a series of hollow shells, empty legal vessels with no soul that act as centre points around which all the players will gather. Corporations are a creature of law, artificial legal entities that are seen to have ‘personhood’ in themselves, such that they can exist independently of the people that activate them (i.e. Modern laws of incorporation, however, sever this connection. You’d have groups of people that might act together, and they might give their group a name, but nobody was under the illusion that the named group existed separately from its underlying people. At the beginning of humanity, there was no such thing as a corporation. Don't forget the accessories like a park bench with map, balloon cart, pretzel cart, hot-dog stand, and height marker enhance your fun.This base plate forms a foundation to lay out a new corporation. Just lower the bars to secure riders into the coaster cars, release the brake to send the train down an elevator, and activate it to enjoy loops and turns galore. This exciting coaster model which measures over 36" (92 cm) high comes with one train and a boarding station, complete with opening barriers and a control panel. Whether you're a construction enthusiast or seeking a captivating project, this set delivers quality and craftsmanship that sets it apart. With the CONTROL+ app, you can take charge of this mighty machine and explore its capabilities. It faithfully replicates the details and movements of one of the world's most powerful cranes, including features like tank steering, a rotating turntable, luffing jib, winch, and load sensing. This model boasts a staggering 2,883 parts and offers a rewarding building experience estimated to take around 6 to 8 hours to complete.
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