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Illustration: Lazaro Gamio/Axios

"Corporations are people," said Mitt Romney in 2011, famously, but if they are, they seem to have an impressive degree of impunity.

The big picture: Just like people, corporations display impressive instincts for self-enrichment and self-preservation, even when they're not-for-profits. They're not holding themselves to account, but — unlike real people — no one else seems to be holding them accountable either.

  • CBS had a "total failure" not only in its C-suite but also at the board level, according to documents obtained by the New York Times. While the sexual harassment by former CEO Les Moonves is on him, the broader culture of denial and multimillion-dollar payoffs and coverups was much more endemic. Yet the result of the board investigation into Moonves is likely to result in CBS keeping — for itself — the $120 million it would otherwise have had to pay him.
  • At Tesla, the CEO and controlling shareholder openly scoffs at his regulator, the SEC, and the settlement he signed with them. There's no sense that he or Tesla feel any sense of real accountability for his actions.
  • Multiple non-profits, including the Boy Scouts and USA Gymnastics as well as more than 20 Catholic dioceses and religious orders, have either filed for bankruptcy or are considering doing so in order to head off lawsuits alleging sexual abuse within their organizations. It's a move that wipes out non-existent equity (non-profits don't have equity) while also making it much harder for victims to receive justice.

Why it matters: The proximate cause for the rise of Trumpism was the financial crisis, where no senior bankers were prosecuted even as millions of Americans saw their livelihoods destroyed. That pattern continues to this day, with corporate entities receiving privileges that the 99% could never dream of.

Our thought bubble: Populism will remain a powerful and righteous force in American politics so long as that continues.

Go deeper:

Go deeper

Updated 4 hours ago - World

Islamic State claims responsibility for deadly bombing in southern Afghanistan

The mosque after the explosion in southern Kandahar province on Oct. 15. Photo: Murteza Khaliqi/Anadolu Agency via Getty Images

The Islamic State group claimed responsibility for a massive blast that tore through a crowded Shiite mosque in the southern Afghan city of Kandahar on Friday, killing at least 47 people and injuring dozens more, AP reports.

Why it matters: Friday's attack was the deadliest to strike Afghanistan since the U.S. withdrew its troops from the region and is the second major attack on a Shiite mosque in a week, underscoring the Taliban's growing security threat from other militant groups.

New wave of strikes will test worker power

Illustration: Sarah Grillo/Axios

Thousands of John Deere workers hit the picket line this week after the union smacked down a new worker contract from the farm and equipment maker.

Why it matters: There’s a wave of worker angst spreading across the country. They wield new power that’s come with a historic worker shortage.

Bryan Walsh, author of Future
6 hours ago - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.

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