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Corporate power exists only at the will of the state.  Without the consistent application of law in a variety of its forms, corporations cannot exist.  Robbed of the corporate form, and robbed of their reason for existence in the chaotic, unpredictable post-state economic order, their power may coalesce in new forms - but they would be new, very different forms.

Further, the fact that the absolute power of the state to destroy corporations has never been used in recent history does not mean that it does not exist.

Finally, I'm not really sure how you drew the conclusion that the OP was arguing for the abolition of state power.  The Teabaggers might be, but they are libertarian idiots, and they are on the right.  If such tendencies developed on the left, I think all who have commented on this thread would be equally dismayed - I don't think that's the position of anyone here.

Opposing an incipient police state is one thing, but abandoning the state as a vehicle for positive social reform is another entirely.  

by Zwackus on Sat Jan 23rd, 2010 at 09:05:25 PM EST
[ Parent ]
Corporate power exists only at the will of the state.

I am increasingly afraid that this is a problematic assumption. In an age where transnational corporations can and often do sport advertising budgets that rival or surpass the total revenue of several Central African governments, it is far from clear that such organisations could not simply acquire their own militias if the police and official militaries ceased to support their existence.

East India Company, anyone?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Jan 23rd, 2010 at 10:51:24 PM EST
[ Parent ]
I'm not talking about small African states having the ability to dissolve corporations, I'm talking about the United States of America.  An American corporation would be troubled to survive a concerted attack on it with state power, just as the East India Company would have had a heck of a time conquering India were it not explicitly supported by the British Crown.

This is not an argument about probability - there is absolutely zero probability of the US government dissolving Exxon Mobil in the current environment.  I'm just saying that in a serious showdown of actual coercive and legal authority between the two forces Exxon Mobil would not win.  An easily forgotten fact behind the current corporate capture of our government is that it's most important aim is to prevent such a thing from ever occurring.

by Zwackus on Sat Jan 23rd, 2010 at 11:50:33 PM EST
[ Parent ]
Certainly, but I believe that was redstar's point too.

But if you simply dismantle the state without doing anything about corporate power first, then the state won't have the power to bring the corporate power structure to heel.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jan 24th, 2010 at 06:22:17 AM EST
[ Parent ]
Zwackus
Corporate power exists only at the will of the state.

That is as things OUGHT to be. I pray that this is still how things are, although I have grave doubts. I pray that they will remain that way. This is the core of my concern and that concern is more for your generation than mine.

It should be around that end that we all unite our efforts. With the run amok Supreme Court ruling this week that strikes down almost all restraints on political speech by corporations, 2010 should be an indicator of just how equal "we the people" are when it comes to contesting for control against the interests of corporations. If enough people realize the seriousness of the situation we might yet prevail.

If President Obama chooses to lead a fight against the power of the corporations, I will applaud that effort, regardless of what I think ought to have been done earlier. Doing the right thing is always to be applauded, regardless of the reason. I do expect  effort from him in that direction.

 

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jan 24th, 2010 at 01:11:39 AM EST
[ Parent ]
Unfortunately, the Democratic party isn't in the mood to take on the corporations. They get their funding from the same sources as the Republicans. They have about six months to prove that they are the party of the people, or they're going to get creamed in November.

Who will replace Ralph Nader as the altruistic spokesperson for the left?

by asdf on Sun Jan 24th, 2010 at 02:24:06 PM EST
[ Parent ]

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