Saturday, November 5, 2011

Two Types of Corporations

There are those that make, and those that take. There are still decent people running corporations in this country. They leave their fortunes to socially productive non-profit organizations, they make cool stuff, and we mourn them when they die. We must remember them when we are inditing the other corporations, the ones that only take take take.

Who are the ones that take?

Mostly these corporations are banks and large insurance companies. Sometimes they are the Wal-Marts of the world; union busters who hold cities hostage in corporate welfare bidding wars for the 'good jobs' they will bring to the community, only to take them somewhere else when the tax abatement wears out. Sometimes they are chemical companies who patent genomes, intimidate farmers, and produce toxic food products. Sometimes they are pharmaceutical companies who knowingly manufacture drugs that cause more hurt than harm. Sometimes they are in mortgage financing, energy, telecommunications, publishing, or private military contracting; but they all have one thing in common... a powerful lobby with a mission to create government policy that supports profits above: families, public health, democracy, social justice, economic justice, education, civil rights, private property, security, prosperity, and every other American Value I can think of.

This country needs to make things again, To do so we need to form democratically controlled corporations, where the workers own the corporation, and every worker has a vote in all corporate policy decisions. I call for a political action to support the growth of 100% employee owned companies. Democratic control of production is proven to be a successful business model. I propose instituting government policies that reward employee and family owned businesses and penalize publicly traded companies and companies that get larger than a few thousand people (three thousand has been successful in the Basque region of Spain (see Mondragon).


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