Wednesday, March 09, 2005
HELP! I'VE BEEN COLONIZED AND CAN'T GET UP....
excerpted from the article in
Defying Corporations, Defining Democracy:
A Book of History and Strategy
by Jane Anne Morris
"...Here is one cluster of ideas for rewriting the Defining Law of corporations. It's not a 3-point plan, and it's not the beginning of a twenty point plan -- just some ideas to think about.
1. Prohibit corporations from owning stock in other corporations. Owning stock in other corporations enables corporations to control huge markets and shift responsibility, liability, resources, assets and taxes back and forth among parent corporations, subsidiaries and other members of their unholy families. By defining corporations in such a way to prohibit such ownership, much of the anti-trust regulatory law becomes unnecessary and superfluous.
2. Prohibit corporations from being able to choose when to go out of business (in legalese, no voluntary dissolution). This would prevent corporations from dissolving themselves when it came time to pay taxes, repay government loans, pay creditors, pay pensions, pay for health care, and pay for toxic cleanups.
3. Make stockholders liable for a corporation's debts. People who want to be stockholders would reallocate their resources to corporations that they knew something about, that weren't engaged in risky, toxic projects. (This would encourage local, sustainable businesses and healthy local economies. Imagine that.)
These three measures might seem "unrealistic" to some, but it beats the heck out of a voluntary code of conduct, or a wasted decade at a regulatory agency. All three of these provisions were once common features of state corporation codes. No wonder corporate apologists prefer that we hang around in the regulatory agencies with our heads spinning with parts per million and habitat conservation plans.
These three measures were quite effective, which is why corporation lawyers worked so hard to get rid of them. But they address only a tiny portion of what needs to be done.
Here's another cluster of ideas for ways to shape a democratic process that is about people. (The idea that corporations have "rights" would seem nonsensical to any but a colonized mind.)
1. No corporate participation in the democratic process. Democracy isfor and about human beings. Corporations should be prohibited from paying for any political advertisements, making any campaign contributions, or seeking to influence the democratic process in any way.
2. Corporations have no constitutional rights. A corporation is an artificial creation set up to serve a public need, not an independent entity with intrinsic "rights."
3. Corporations should be prohibited from making any civic, charitable, or educational donations. Such donations are used to warp the entire social and economic fabric of society, and make people afraid to speak out against corporations...."
read the FULL MONTY
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