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View Diary: The Obama Administration Protection of Wall Street Criminals - A Possible Explanation (326 comments)

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  •  that is indeed the crux of the matter (8+ / 0-)
    The "cancer" may have spread to so many parts such that we are already beyond conventional "cure." Is confiscation even possible by any single sovereign entity when the perp is a global creature with potentially dozens of "escape tunnels?"
    Corporations (all of them, not just the banks) are global.  National governments (even big and powerful ones like ours) are not. Anything we do to them here, they can avoid in a heartbeat simply by pulling up stakes and moving somewhere else. The corporations own the entire chessboard and can move their pieces wherever they want--national governments only own one or two squares.

    Any meaningful control over multinational corporations simply CANNOT happen at the national-government level. The corporations are global, and control over them must be global as well.

    Currently, there is only one option available to do that---write those controls into the very same global economic structures that govern international trade and the institutions that enforce them---GATT, WTO and IMF. But in the long term, we need new international economic bodies with the authority and ability to control the corporations anywhere on the chessboard.

    •  I completely agree, Lenny (2+ / 0-)
      Recommended by:
      Ray Pensador, isabelle hayes

      until we address the globalization issue, we will not be able to  really address the massive theft and fraud of the 'bankstas' with any effectiveness.

      I really like the analogy towards the chessboard; very accurate.

      We Must DISARM THE NRA The next life you save may be ONE OF YOUR OWN!

      by SeaTurtle on Thu Jan 24, 2013 at 01:40:05 PM PST

      [ Parent ]

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