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View Diary: Evan Bayh: "Fairness can wait" (165 comments)

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  •  The question is, how do you get someone (0+ / 0-)

    to do what you want them to do.  Conservatives rely on threats and, in the case of working people, the threat of starvation.  Deprivation is the tool they rely on to coerce compliance.

    Democrats prefer bribes.  They think that if you do something nice for someone, they'll repay you in kind.  Give people fair wages and they'll work harder.

    I happen to agree with that.  The problem is that this strategy has been proven not to work with the artificial persons we call private corporations, which we have created.  Artificial persons do not recognize favorable treatment and they are not inclined to give anything back.  Even worse, the consider favorable treatment (free access to natural resources, free waste disposal in our streams, free labor from consumers and public officials, free money) to be an entitlement and, in the event there's an attempt to withhold some of these freebies, private corporations are not only resentful, but antagonistic.

    Actually, some natural persons behave that way too, but natural persons have a limited life-time.  Artificial persons are potentially immortal, unless we impose an artificial term limit on their operations.

    Regulation, btw, is not the answer, especially not after the corporations have come into existence.  Regulation is just another variety of bribe, a reduction or removal of the uncertainty inherent in the future by making their operations (and income stream) regular and easy to anticipate.  When you come right down to it, regulation is a risk removal process.

    So, what's the answer?  Public control of the incorporation process up front to establish the limits of operation, tenure and locus of operation.  Which would mean that corporations whose operations are confined to one state would be chartered and supervised by that state, while corporations aiming to engage in interstate or international operations would be chartered by the national public corporation.  And, in each case, the failure to meet the obligations outlined in their charters, would subject the corporation to dissolution -- not voluntary bankruptcy; involuntary dissolution.  That would give the enforcing entities some clout.

    Capital punishment for capital corporate offense.

    The Constitution is not a menu for an exclusive diner.

    by hannah on Sat Sep 18, 2010 at 03:42:43 AM PDT

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