Pretty much, that’s how “contractual obligations” work.
In my state, we’ve been trying to get the state Public Employees Retirement System to divest from oil investments for a few decades now. The big problem is PERS is tied up with contractual obligations to provide a specific return on investment, a return which can’t be made if they dump fossil fuels:
It literally does just work that way. A piece of paper is a piece of paper. “But we won’t make as much money” is the part that holds it together. Contracts and laws in general are no more or less than a pretext to exercise class power. They’re broken at will in other contexts. The US was literally founded on it.
Tell me you don’t interact with people without a keyboard without telling me [useless repetition]. Fucking weirdo.
Yes it is that simple. The law is, and only is, a mechanism for people with power to exercise that power under the veil of legitimacy. Ask any Indian tribe. Ask anyone with x amount of money attempting to litigate a contract with someone with 1000x amount of money.
The reality of the system cannot be disputed without looking like a fucking joke.
I’m sorry, hundreds of thousands of innocent children. This piece of paper says it’s impossible to stop paying for you to be murdered.
Pretty much, that’s how “contractual obligations” work.
In my state, we’ve been trying to get the state Public Employees Retirement System to divest from oil investments for a few decades now. The big problem is PERS is tied up with contractual obligations to provide a specific return on investment, a return which can’t be made if they dump fossil fuels:
https://www.opb.org/article/2024/02/07/oregon-retirement-fund-carbon-neutrality/
The folks supporting divestment think it’s like a light switch. “Well, just STOP!” and it doesn’t work that way.
It literally does just work that way. A piece of paper is a piece of paper. “But we won’t make as much money” is the part that holds it together. Contracts and laws in general are no more or less than a pretext to exercise class power. They’re broken at will in other contexts. The US was literally founded on it.
Tell me you don’t understand how a contract works without telling me you don’t understand how a contract works.
There are legal liabilities for breaking a contract. It’s not that simple.
Tell me you don’t interact with people without a keyboard without telling me [useless repetition]. Fucking weirdo.
Yes it is that simple. The law is, and only is, a mechanism for people with power to exercise that power under the veil of legitimacy. Ask any Indian tribe. Ask anyone with x amount of money attempting to litigate a contract with someone with 1000x amount of money.
The reality of the system cannot be disputed without looking like a fucking joke.