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The most efficient and reliable way to reform corporate capitalism is to reform their brains, by democratizing (and making transparent) corporate boards of directors so they represent the cross-section of interests that work best for social democratic society as a whole. Then regulatory capture is no longer the constant threat, and corporations generally work in the directions society wants them to without having to be directly taking order from the state.

fairleft
by fairleft (fairleftatyahoodotcom) on Tue Aug 31st, 2010 at 12:55:00 PM EST
[ Parent ]
The problem is that many boards believe that they DO represent a cross-section.

You can't be me, I'm taken
by Sven Triloqvist on Tue Aug 31st, 2010 at 01:36:57 PM EST
[ Parent ]
An honestly social-democratic society would listen hardly at all to what the wealthy and well-connected board members believe they are doing/representing.

fairleft
by fairleft (fairleftatyahoodotcom) on Tue Aug 31st, 2010 at 02:08:44 PM EST
[ Parent ]
There is one fundamental fact to bear in mind: there are more of us (bar the sleepwalkers). This is vital in any system that includes universal suffrage in rights and opportunities. Thus we should focus on all systems that enable the 'more', whether print, electronic, local or global.

I see IT as the best bet as leverage because it is relatively easily scaleable, and has low transaction cost.

You can't be me, I'm taken

by Sven Triloqvist on Tue Aug 31st, 2010 at 02:41:35 PM EST
[ Parent ]

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