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It seems we need a constitutional amendment specifying that a US citizen must be a biological human being and specifying that corporations cannot inherently enjoy ANY of the rights bestowed by the Constitution and Bill of Rights. Corporations are legal monsters. They are potentially immortal, have limited liability, and have been ruled by a suborned judiciary to have all of the rights of citizens.

No biological human is immortal, so why should we create 'fictitious legal entities' that potentially are? Immortality and unlimited potential size are two of the great advantages of corporations and by themselves are sufficient reason to ban corporations. Corporations are created by the authority of states and can be destroyed by the same authority - if non-corporate human citizens can again regain control of government.

Limited liability, especially, is a failed concept. No biological human can limit their liability except by the artificial contrivance of a corporate body. And only those with some means can afford to do that. Let businessmen do all business under their name or their name and the names of their partners, all of equal liability - jointly and severally.

Nor should corporations have rights of free speech. As they are not people their speech can only be corporate. Nor should corporations have the power to participate in politics - only the individual citizens composing those corporations and residing in the country should have that right.  And all political contributions need to be made by individual human citizens. If you are not a citizen you have no right to contribute.

A constitutional amendment is a difficult thing to bring about, but we, as a nation, have an open artery and the viability of our polity is rapidly draining out into the hands of the wealthy few. Individual citizens are being bled dry and along with them the polity as we have known it. The prime function of our existing financial system is now extracting the remaining wealth from US citizens and residents and putting it into the hands of un-acountable, transnational corporations.

Corporations have been the the chief instruments of our despoliation. It is time to destroy them. We worry about robots usurping our humanity while corporations already have. For >150 years humans have clearly demonstrated their inability to control corporations for the public good. Corporations chiefly benefit elites.

We may find reason to allow corporate type organizations for governmental entities such as cities and counties, non-profit organizations such as colleges and universities, etc., but it must be clear that they exist at the sufferance of the public and for service to the public. Corporations, after all, evolved from Royal charters - historically for cities and universities. It was later that this form of organization was utilized as a framework for privately owned businesses.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 26th, 2017 at 06:21:33 AM EST
[ Parent ]
So ET should be closed down? It is only possible to hose a site like this because limited liability means the liability  risk - for libel fo instance -  is limited to the hosting business.

That the US has given corporations excessive rights and mandated them to be evil doesn't mean that the whole thing needs to be flushed.

Limited liability costs a few hundred a year in the jurisdictions U.K. familiar with.

by Colman (colman at eurotrib.com) on Sun Nov 26th, 2017 at 04:16:04 PM EST
[ Parent ]
hose -> host
U.K. -> I am

I have no idea what autocorrect was trying to say there.

by Colman (colman at eurotrib.com) on Sun Nov 26th, 2017 at 04:52:33 PM EST
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A confused version of Descartes? I don't think, therefore I am?
by gk (gk (gk quattro due due sette @gmail.com)) on Sun Nov 26th, 2017 at 07:42:54 PM EST
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I certainly do not want ET closed down; it would fall into the category of public interest non-profits. But for profit enterprises, especially above some minimum size need to have their privileges greatly limited. And I don't think the problem is limited to the USA. I also think all corporations need to be limited to operation within a given nation. Some provision could be made to allow for subsidiaries in other countries, but the transactions between subsidiaries and the parent have to be transparent and subject to government supervision.

I know these are drastic measures, but the problems that need addressing are equally drastic. Corporate culture and current modes of operation are at the heart of almost all the most intractable problems we face. To move forward we have to address the issues that stem from the privileges that first permit and then require the corporate practices that give corporations their vastly disproportionate power. Individual, non-corporate citizens must be enabled to have their needs and interests addressed also and that is not happening now to any significant extent. We have to find a way.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Nov 27th, 2017 at 02:18:43 AM EST
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