The Pete Quiñones Show Episode 1146: When There is No Justice... w/ Stormy Waters
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Dec 15, 2024 Stormy Waters, managing partner of a venture capital firm, dives deep into the chaos spawned by the Citizens United ruling. He discusses the detrimental effects of corporate funding on democracy and the implications of corporate personhood on accountability. The conversation highlights troubling corporate practices in healthcare and challenges innovators face. Waters also critiques the ethical compromises of corporate culture, examining the broader social and political dynamics that emerge without justice.
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Citizens United’s Impact
- Citizens United created corporate citizenship, allowing unlimited corporate money in politics.
- This has led to regulatory capture and corruption, exemplified by the influence of pharmaceutical companies.
Efficient Infringement
- Stormy Waters recounts how corporations, empowered by Citizens United, steal inventions from a friend.
- They exploit the legal system, knowing fines are cheaper than licensing, ruining inventors' lives.
Profiting from Infringement
- Corporations use "efficient infringement," calculating the cost of fines against potential profits.
- This allows them to steal inventions profitably, demonstrating a disregard for creators.