Practical Democracy

November, 2005

November 2, 2005

Corporations and their owners are the new aristocracy. Estate taxes no longer have the intended effect of deterring the hereditary transmission of wealth, since that chore is largely taken care of by corporations.

November 12, 2005

Our job is to change the temper of the times (the 'mores' of de Tocqueville) so that a new Supreme Court could declare corporate personhood unconstitutional - or that a constitutional amendment so declaring could be passed.

November 16, 2005

When aristocracy was in bloom, people could no more envision ridding themselves of dukes, barons, lords and ladies than most today can imagine ridding ourselves of corporations.

So the strategy for the near term is probably just to whittle down the power of the corporation - greater transparency, fair taxation, more review of corporate charters for social accountability, more criminal prosecution of boards of directors and top management for corporate wrongdoing.