Monday, November 7, 2011

Corporate Personhood

This morning I was going through the FaceBook feed and saw my Righty friend, Mike, had posted this video with the comment about not making this a Republican v. Democratic idea.  I almost fell out of my chair.  This argument is at the core of the 99%'s issue set.

The center of the argument is to stop money in the political system.  Public financing of elections is just one part of what we need.  There needs to be a part of the law that says there is a way to have a corporate execution for severe wrong doing.  Sell all the assets and take down the leaders of the company legally and cart them off to jail.

Too strong you say?  Think about it.  A corporation takes capital over a long period of time and builds itself creating income for the investors without concern for anyone.  It, the corporation, owes affinity for the investors but, for the most part only has allegiance to itself and its needs.  Some corporations have the idea held at the highest levels that it is above the law because it has specific needs... and nobody goes to jail.  It took me a long time to get this.  Operating ethically and legally a corporation can only go so far before those operating only in their own sociopathic interests take them over in our current system.  There have been lots of examples in the last ten or twenty years.  Enron comes to mind.

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