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View Diary: Founding Fathers and Wealth (56 comments)

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  •  Thanks for making the effort (4+ / 0-)

    The criticism you see is harsh, but your work far outweighs that.  I never understood the Whiskey Rebellion before now, and the lack of infrastructure clearly makes that plain to me.  It also makes it plain that, today, net neutrality is another example of the continual struggle between the corporate elite and the people, as is health care, social security, tort reform, and the right to collectively bargain.

    What is rarely delineated in this discussion is just from whom corporations derive their existence.  Because it retains certain rights not available to just anyone, a corporation exists solely as a grant of sovereignty from the people within the state it is chartered.  I remember as a young man noticing Delaware being an especially generous state in which to charter a corporation, compared to a highly regulated state such as Wisconsin.  Is this an example of an entire state taking advantage of an unequal situation in an act of unenlightened self-interest?  In other words, the state in which a corporation is chartered can determine just how much of that sovereignty is granted to the corporation.

    If the people want to limit the power of corporations, for the good of the country (or even just the state), they must learn about how their sovereignty- their rights- have been parceled out to business.  We the people must learn how to rein in the abuses of power that corporations are doing in our names.  We have that right, by demanding- requiring corporations to account for their externalized costs.  These costs are the social and environmental costs of the way a given corporation is doing business.

    How the rationale for a corporation's existence drifted from that of a specialized entity, endowed with power from the people, and chartered to improve the general condition of all citizens, into an entity whose primary defining principle is to generate the greatest profits for its investors, is an example of usurping power that is bringing America to its knees.  It is enshrined by the wealthy as an inalienable right.  But just think about it for a minute.  That assertion means that the rest of us exist to play our part in generating wealth to the investor class; what C. Wright Mills called, "wage slavery".

    Screw that!

    April 25 is Sovereignty Day in the Navajo Nation.  It is a reminder of how Native people had their sovereignty stripped from them during the past 500 years, and how the struggle goes on even today.  Perhaps it would be good to reflect on how that which the people of the United States has done to others in the past is now what we are seeing happen to us today.

    Thanks again for such a clear summary of the idea of wealth the early citizenry held.  It is really incredible to think that my great-grandfather, who held me in his lap, was around pre-civil war.

    Poverty exists in direct proportion to greed.

    by jcrit on Sun Apr 24, 2011 at 06:34:32 AM PDT

    •  Certain Corporations think they are beyond any (3+ / 0-)
      Recommended by:
      jcrit, OldDragon, Aunt Martha

      government.  Your Delaware example is now multiplied by how many cash havens worldwide.  And the idea of corporate personhood.  I got nothing against that if there is a death penalty for them rather than they get all the profit and the public takes all the risk like the Koch boys like.

      Tea Parties are for little girls with imaginary friends.

      by J Edward on Sun Apr 24, 2011 at 06:53:14 AM PDT

      [ Parent ]

      •  justice (1+ / 0-)
        Recommended by:
        Had Enough Right Wing BS

        We speak about seeing CEOs do the perp walk, but I would love to see Chevron's charter revoked for murder and environmental destruction in Ecuador.

        Then I will believe this is the founders' United States.

        Poverty exists in direct proportion to greed.

        by jcrit on Sun Apr 24, 2011 at 08:06:13 AM PDT

        [ Parent ]

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