Populist Reform of the Democratic Party
In reply to the discussion: No third party, no third way. [View all]JDPriestly
(57,936 posts)How about some of the DUers. Why don't some of you who are young run for office?
Another suggestion. Why don't we have a discussion about how to improve the law at the state levels that govern the formation of corporations and other business forms that protect their passive owners from liability?
The Republicans talk a lot about how people nowadays don't take responsibility for themselves and rely on the government to do it. But a lot of voters don't understand the extent to which the law doesn't just permit, but rather provides for the corporate form of business organization which encourages on the one hand risk-taking which is positive because it promotes innovation, but on the other irresponsibility, tax breaks and advantage-taking of real people on the other.
I don't know how to start this conversation, but it is one we need to have.
The corporate form encourages risk-taking and therefore innovation. But why are we allowing entities organized to take big risks without incurring big losses to be involved in our election process.
That is, when you or I take a risk, say, buy a house or drive a bulldozer, we pay a huge financial or personal loss if we make a mistake that hurts us or someone or something. But if a corporation takes a big risk, spills a lot of oil or kills an employee, the people who own the corporation don't get hurt in most situations. The corporation is relatively immune to the consequences of its (or its leadership's mistakes). The owners of the corporation just take the corporation into bankruptcy court, lose their investment and usually walk away free. The "mindset" of the corporate management is completely different from the mindset of us real humans. Why in the world are corporations allowed the free speech right to become involved in our election process? And how could we keep them out of it?
The Constitution was not written to restrain the government from limiting the rights of corporations. There weren't many corporations at the time the Constitution was written. And most definitely the Founding Fathers did not want to limit the right of the government to limit the rights of the East India Trading Company. That Company which founded America was one of the things that the American Revolution was revolting against if I am not mistaken.
We need candidates who will challenge the personhood of corporations.
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