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View Diary: More On Last Night's Big Lesson (359 comments)

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  •  The Industries must repair from within (0+ / 0-)

    This change cannot occur from outside.

    The Corporate and Financial Markets are run by people and they are addicted to money and power.

    They display the actions and attitudes of addiction, change in these institutions comes from examining the base elements of the concepts corporations and financial institutions.

    They came into existance for reasons other than profit to begin with as they are social institutions meaning that more than one individual's self interest was being met by the creation of these institutions. That social component has been forgotten and bastardized as time has passed.

    Along the way, those within the institutions, long after their concept began to be used, changed the focus of operation from serving it's original purpose to serving itself. Now, the Institution itselfis the only interest. The role of a stockholder changed from one who needed the institution to exist for reasons other than "I have X numbers of dollars to invest.

    When that occured, the original human need that was the reason for the institution, was removed from the concept, and the addiction to profit (money) began residing with those who steered the Corporations and Financial businesses.

    The power held within these creations infects the individual lives of those who run them, and they compensate themselves, while insulating themselves against personal risk, growing bloated in good times, and tax sucking mendicants when times are bad.

    That is why IMO only those who became powerful have to be the ones with their "awakening to the addiction" moment. Then, they must sell the cure to all the others.

    The process can be helped along by a Congress determined to make the changes happen.

    I believe the original concepts that created these institutions can be reclaimed with the adoption of a 30 year license, rather than allowing these Institutions to last forever, with the provision to be re-licensed with the consent of a majority of their consumers.

    Remove the loopholes that can be predicted, add another part in that defines the intent of the law that covers future methods of skirting the intent of the law, and you have created checks and balances that may make the businesses more customer oriented and competitive.

    "A functioning Democracy must defy economic interests of the elites on behalf of citizens" Christopher Hedges Econ 3.50&Soc. 5.79

    by wmc418 on Wed Nov 04, 2009 at 12:05:55 PM PST

    [ Parent ]

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