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Any honest observer regardless of their political leaning following the news would not be able to avoid the conclusion that the big corporations have essentially taken over the government in the last thirty years. Whether you think this is a good thing or a bad thing would depend upon your political outlook, I suppose.
This is the proposition of a new book I am reading now titled "Who Stole the American Dream?" by Hedrick Smith. The book is painful reading for me as I do not seem to be able to read more than several pages at any one sitting. Since I am in my early sixties I was around for most of the history of the corporate coup d' tate starting in the early 1970's. I just have not seen most of the facts of it all in one place.
Essentially after a political manifesto written by Lewis Powell in 1971 big business decided it needed to organize to assert more political power. In a few years the number of corporate offices set up in Washington DC grew from 175 to 2,445 a decade later. The US Chamber of Commerce which had been asleep politically woke up. By 1980 it 45 full time lobbyist. By the late 1970's busines interest in the capitol outnumbered Congress by 130 to one.
Today Wall Street interest outnumber mere corporation by a wide margin. To illustrate how big our financial sector is our middling nation debt of only 15 trillion dollars is dwarfed by the 69 trillion dollars of leverage the big boys have out there on the big casino table. Power is often a manifestation of size. Given these numbers it would not be hard to see how Wall Street runs the government, not the other way around.
That said most of the very largest corporations in America are in reality international corporations with no real alligience to America. They often have net worths and annual budgets in excess of most countries. When it is convenient however, they will wave the flag to feed at the government trough, or steer legislation to their advantage.
What is my point you may well ask? The point is there is no real way our government can regulate such large international enities that have most of the representitives of the House and Senate bought and paid for. The Supreme Court decision of Citizens United in truth probably only put it's stamp of approval on an exigient reality.
The only way government on a small planet like ours could ever effectively regulate these souless persons called corporations is it would have to be bigger. If there were only one effective government on planet Earth and all the huundreds of sovereign national governments were merged into it as states, then maybe, just maybe such a large government would have a chance.The corporations would have no where to go that was outsides it's jurisdiction, that much we could be sure of.
Suc a one world government would have a chance if the Corporations were ruled not to be persons, with the rights of persons (who potentially can live forever) but that they were merely chartered organizations licenced by the state just to do business legally. A planet wide government could do it if there were an absolute fire wall between the corporation and the political office seeker.
That is a tall order, but if there is an arc towards the good in human history, then that is where we must be going, where we must go. The average person needs a job or a income to live. In the age of "Robotics" that is coming on at exponential speed jobs will continue to wither on the vine. Robotics is now down to $3,600 per person per year. The robots are growing more capable with each passing year. At $3,600 a year you have to ask yourself, who would you hire,if you were a corporation, a person or a robot?
Unless every person on the planet is invested in the wealth producing capability of these robots most will be jobless and in poverty. Somehow it has got to come to pass the representitives we elect to government actually do represent our interest. If they did they would not be acting in ways and passing laws that are diametrically opposed to the will of the people.
"But John, tell us what you really think." "Well, so far the evidence seems to show we are screwed."
The good news for me and my family personally is that the twenty 255 watt solar panels have produced a net power to the utility of 300 KWH's and we have banked $134 the electric company have sent us since installation in November 2012. If humans on Earth have a future it is syntropically, not in the entropy of the age of oil past its peak. Electric drive technology is part of this coming syntropic future.
Commentary Viewed 10795 Times
Very disturbing! Being an old fart with a very limited number of years to deal with it all, it is my sons, grandsons, great grandsons, and beyond that I worry about. [6]
[78]
I suppose it will all continue to happen with or without my input, when was the last time a large corporation asked your opinion about anything. [79]