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View Diary: What Occupy Wall Street Should Learn From The Republicans (16 comments)

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  •  Steve I agree the GOP is better at messaging, but (0+ / 0-)

    We can't go back to a corporate structure of a century ago. It is just not practicle in a global economy. Every developed country has a corporate structure like ours to organize business activities and we would shatter our economy if we tried to impose the restrictions you suggest, even on just new companies while grandfathering all those who hold current US state charters.

    "let's talk about that"

    by VClib on Sun Oct 23, 2011 at 11:58:23 PM PDT

    •  In case you haven't noticed, (1+ / 0-)
      Recommended by:
      Dude1701

      the private corps are self-destructing. That's because they're being run by thieves under cover of law.
      Fortunately, the laws that set them up can be changed.  Dodd/Frank is a start.

      People to Wall Street: "LET OUR MONEY GO"

      by hannah on Mon Oct 24, 2011 at 04:17:10 AM PDT

      [ Parent ]

      •  hannah - self destricuting (0+ / 0-)

        let's hope not or we will find ourselves in a depression that will make the 1930s seem like the 1920s. Laws can be changed but the ability of the states to allow for a modern corporate structure is not going to change, and likely isn't constitutional. The State of Delaware, which is the state of incorporation for half the public companies in the US, will never change its very corporate friendly laws. Being the "home" of thousands of US companies is a very lucrative cottage industry in Delaware.

        "let's talk about that"

        by VClib on Mon Oct 24, 2011 at 10:37:05 AM PDT

        [ Parent ]

    •  Restrictions (0+ / 0-)

      I appreciate your comment. I agree that things would be worse in the short-term if we imposed all the restrictions I suggested. Please forgive my hyperbole. But, surely you can't mean we should leave things as they are. Right? To leave corporations unchecked and with the ability to influence the political process the way they currently do?

      Anyone with children knows this fact: people need limits. (Except for fictional corporate giants, like Hank Rearden in Atlas Shrugged who miraculously always do the right thing.)

      Wherever conditions exist where, "Hey, nobody's looking," things invariably go to piss. That's why we have police. It's human nature to push boundaries and it's in a corporation's nature to advance it's own interests. Without oversight, regulation and limitations, corporations will naturally exploit any opportunity to profit.

      The economy is a rule based system, like a basketball game. Without strict rules games turn into a melee. Just like real people need speed limits, corporations need restrictions, too.

      My two cents.

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