Could the Enron or Worldcom implosions have happened without a compliant Securities and Exchange Commission, willing to turn a blind eye to invented financial statements that were essentially fiction drafted for public consumption?
Or perhaps it's true, as conservatives suggest, that the California's energy crisis was the result of a faulty de-regulation plan. When in fact, the traders that gamed the energy delivery systems were assisted by the Federal Energy Regulatory Commission when it refused to enforce it's own price capping rules and then, after California ratepayers had been bilked out of 100's of millions of dollars, refused requests for critical evidence in CA's attempt to recoup the losses in court.
And when it comes to human lives, the record is no better. Why do American mining interests refuse take the kinds of steps to protect their workers that Canadian companies have taken? Because they know that regardless of the scale of the disaster, the fines will never be more than an annoyance--that the Dept. of Labor has no stomach for enforcing it's own rules and even when they do, Bu$hCo will step in to reduce the pain.
Whether it's abdication of responsibility (SEC), covering for corporate wrongdoing (FERC), or refusing to enforce the few public protecting statutes that do exist (DoL), it is clear that our government is a willing participant in corporate excesses--A situation that is manifestly worse for the Americans than in the 19th century when the worst that could be expected was governmental indifference.
Actually, I thought that I'd made it up for this post, but thinking about it...it's such an obvious fusion of "corporation" and "democracy" I'd be really surprised is someone hadn't already used it.
Did you Goole it?
Like Fitzmas, Coultergeist, wingnut welfare, and dubyalicious...they just have a way of coming to people at once and its hard to say where they originate.
Sooooo glad to have you back, my dear frog.
Thanks Lily...A pleasure to be back. Guatemala (where the frogette and I spent our vacation) is an incredible place, and I'm wonderfully refreshed.
The meds that keep us alive,the power to warm our homes and light our lamps and the giant AgriBusiness corporations all rule the roost. Those three areas are pretty important to us, and they are privately owned in many cases. Sure most of them have shareholders..but all that usually matters to those folks is the bottom line and the value of their stock certificates and dividend checks.
With less government regulation, these carpetbaggers can pretty much do what they want to us..all the while saying its FOR us..
Libertarians always want less government regulation. I am all for less government as long as the massive Corporate Giants are held accountable for their actions..criminally accountable.
LOL..like thats gonna happen.
Stay out of sex, bedrooms, health decisions, right to die, smoking dope, and pushing your theocentric religion.
But, hold polluters, criminals, resource abusers, public raping, animal killers, water destroyers, etc. accoutnable to the public under the mindset that the environment is a PUBLIC commodity, not a corporate owned commodity. THIS is the difference. We don't need to say that they can't make a profit or innovate.
What we CAN say is that a crime against the public or against the earth is ENFORCEABLE and PUNISHABLE. (Like a crime against a rich white woman reported on tv.)
Guatemala with frogette! cool kvatch.
Unfortunately, I'm afraid you're right. The problem is that besides too many willing partners, increasingly those running for office are from the corporate world. That trend alarms me.
In Michigan, we have billionaire Dick DeVos running for governor (the Amway guy). Call me jaded, but why would any billionaire businessman want to waste his time with politics except to gain favorable contacts, legislation, etc.
There are only two billionaire businessmen I trust and might consider voting for - Bill Gates and Ted Turner. At least they come from humble backgrounds and they've been very generous with their money to help good causes and charities.
E4E...an excellent question, for which I frankly have no answer. But fortunately, with all of the jokers heading off to the slammer these days (Randy "Duke" Cunningham immediately leaps to mind), we could do a survey. :-)