A Florida jury on Monday found banana company Chiquita Brands International liable for financing the Colombian paramilitary group Autodefensas Unidas de Colombia (AUC).
Force all companies to be worker-owned cooperatives, Richard Wolff-style.
Also the stock market doesn't really need to exist. It's just gambling with extra steps, and the people who win at that game end up having control over way more than one person should ever have. Also goes along with the above, which is complete worker ownership over companies.
isn't that the point? The corruption has tricked us to believing they can regulate themselves or are even not amoral about social issues. Companies make profit -- that is their singular goal. The laws and regulations control their behavior, not 'good will' or whatever we pretend motivates individuals
Money existed before capitalism. Capitalism started in the 1700s. Money far predates capitalism. Plus, my comment is that capitalism must be regulated by outside regulators like governments. Conservatives have pushed deregulation forever and it’s made things worse. Capitalism worked far better in the heavy regulation days after WW2.
In this case, I can believe that Chiquita didn't set out to finance the AUC, but was unfortunate in that their banana plantations fell into AUC-controlled territory, and therefore were extorted for protection money.
It's like if I owned an Italian restaurant, the mafia comes in and extorts me for protection money, then the feds come and arrest me for financing the mafia. What was I supposed to do?
edit: I didn't know about Chiquita. Thanks for the replies and info!
No, it's like if you owned a massive chain of Italian restaurants that notoriously exploited people, and you were actively paying the mafia to intimidate your workers and to bust unions.
The judge saw through Chiquita's ridiculous fabrication, I'm disappointed to see you parroting it here.
A Florida jury on Monday found banana company Chiquita Brands International liable for financing the Colombian paramilitary group Autodefensas Unidas de Colombia (AUC).
The jury in the civil case, in federal court in the Southern District of Florida, found that “Chiquita knowingly provided substantial assistance to the AUC to a degree sufficient to create a foreseeable risk of harm to others.”
Chiquita, one of the world’s largest banana producers, has been ordered to pay a total of $38.3 million to the families of eight victims of the AUC, which was a far-right paramilitary group that was designated a terrorist organization by the US.
In 2007, Chiquita pleaded guilty to making over 100 payments to the AUC totaling over $1.7 million despite the group being designated a terrorist organization.
An unnamed company executive had told the Justice Department that the payments had been made under the threat of violence, according to the release.
In a social media post, Colombia’s president, Gustavo Petro, reacted to the American jury’s Tuesday decision and asked why the same ruling was not made in his home country.
The original article contains 414 words, the summary contains 181 words. Saved 56%. I'm a bot and I'm open source!