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#Trump meets #Corporate America as economic fears nip #stocks

Trump will meet the CEOs of America's biggest companies Tues, many whose market value has dipped in recent days as #recession & #inflation fears soured #consumers & #investors.

My guess? He’ll say, “Don’t worry, you’ll make it up in the tax breaks I’m giving you, + you can still hike your prices, make more money off your customers & blame immigrants! Hahaha!” [evil laugh]

#economy #tariffs #TradeWar #USpol
reuters.com/world/us/trump-mee

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How it started: The New #Starbucks #CEO Will Commute To Seattle By Private Jet
#satire “You’ve proven through your rice bowl austerity measures and literal bean counting at Chipotle—the ole ‘Niccol and Dime’ as it’s now referred to in the halls of #corporate foodstuffs power—that you’re the perfect person not named Howard Schultz to run the company” sprudge.com/the-new-starbucks-

Sprudge CoffeeThe New Starbucks CEO Will Commute To Seattle By Private Jet | Sprudge CoffeeHail Schultz.

#Seattle-based #Starbucks #Coffee is laying off 1,100 corporate staff members as part of a shakeup led by #CEO Brian Niccol”
🤨#Starbucks continues to call all its employees ‘partners’ regardless of ownership or management status”
"it is planning to tighten up flexible work arrangements for employees with ‘VP+’ status in North America, including the requirement for in-person work at the #Seattle or #Toronto #corporate offices at least 3 days a week” dailycoffeenews.com/2025/02/24

Daily Coffee News by Roast Magazine · Starbucks Coffee is Laying Off 1,100 Corporate EmployeesSeattle-based Starbucks Coffee is laying off 1,100 corporate staff members as part of a shakeup led by CEO Brian Niccol. 
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In response, companies such as #Google & #Deloitte have ended certain #diversity programs, such as #hiring goals based on demographics. Others in the #corporate space continue to reassess their programs as #Trump has begun to threaten investigations.

On Feb 3, a coalition of orgs—the American Assn of #University Professors, the Natl Assn of Diversity Officers in Higher #Education, #Restaurant Opportunities Centers United, & the mayor & city council of #Baltimore —sued to block Trump’s orders.

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A federal judge in Maryland on Friday temporarily blocked key portions of #Trump’s executive orders targeting #diversity, #equity & #inclusion (#DEI) initiatives in the federal #government & #corporate America.

US District Judge Adam B. Abelson granted a preliminary #injunction, blocking portions of #Trump’s orders to cancel federal #contracts concerning DEI & make government contractors certify that they do not engage in DEI practices that violate anti-#discrimination laws.

Major tragedy occurs in America on #Trump's watch. Trump turns to racism and misogyny using "DEI" as code. When asked, he admits that he has no evidence, just his bigotry that he labels "common sense."

Corporate Media parrot his statements without mentioning what is actually going on. #CorporateMedia is legitimizing racism, misogyny, xenophobia and other forms of bigotry in their ratings-obsessed coverage of this regime. #Corporate #Media works for the #oligarchs and furthers #oligarchy.

Things like #repair and #gardening are acts of #resistance in our current capitalistic system. Growing your own food means you don't have to put as much money in the pockets of the #monopolistic grocery stores. Repairing broken things avoids putting money in the pockets of the #monopolies pushing their "stuff" on us. Feed your communities, share your stuff, repair your and your neighbor's stuff. Live outside of the #corporate #greed as much as possible. Start or join a #library of things.

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Will they uphold a commitment to #FreeSpeech, which all of them, in various ways, espouse, or is free speech just the pretext to undoing #social, #corporate, & #political norms that might have restrained their companies from fully hijacking America’s #attention? Will they fiddle w/the knobs of their #platforms, as #ElonMusk has done at X, to produce a chaotic #agitprop machine? Or are they just happy they no longer have to pay for #DEI consultants or deal with an aggressive #FTC?

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#Trump said he would bring #corporate #tax down to 15% if companies make their product in the US.

Trump then attacked #BofA,
"I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank, & that included a place called Bank of America. ... what you're doing is wrong,"

Update: My take on this has changed, due to @jeremiah, @jorgecandeias, and @koen_hufkens referring me to essays about this issue by @cwebber (I had read parts of them but not all). I'm convinced by Christine Lemmer-Webber's analysis: the AT protocol is decentralizable in theory, but seems constructed in such a way that any real implementation of a second bluesky server would cost millions of dollars; it does not seem feasible to make a network of bluesky-type servers on "normal-people" budgets, unless something about that codebase changes.

Original post (much more optimistic) below. -----------------

"Smart leftism pays attention to these differences [in flavors of capitalism], because they represent the potential fault lines in capitalism's coalition..."

"I'm saying that it's good praxis to understand these divisions in capitalism, because then we can exploit those differences to make real, material gains for human thriving and worker rights. Lumping all for-profit businesses together as identical and irredeemable is bad tactics."

"My answer to 'why spend money fixing Bluesky?' is 'why leave 20 million people at risk of enshittification when we could not only make them safe, but also create the toolchain to allow many, many organizations to operate a whole federation of Bluesky servers?' If you care about a better internet – and not just the Fediverse – then you should share this goal, too."

@pluralistic politely but firmly calling the purity-testing, gatekeeping leftists (and Fediversians) on the carpet and it's a discussion that is always timely. I am here for it.

pluralistic.net/2025/01/20/cap

pluralistic.netPluralistic: Enshittification isn’t caused by venture capital (20 Jan 2025) – Pluralistic: Daily links from Cory Doctorow
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Their presence will shower nearly a trillion dollars’ worth of legitimacy upon #Trump — a demonstration that he has triumphed over decency & the rule of #law & is now fully accepted & feared by the well-heeled & the powerful, by #corporate America, by the #establishment. We are witnessing a melding of #oligarchy & #Trumpism. (In the days before the ceremony, there was a host of parties throughout DC, mounted by #tech #aristocrats to celebrate Trump’s inauguration.)