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I've written a lot about governance, you can peruse my web site for the essays.

What we have now is public firms where the governance is under the control of the CEO and board of directors, not the stockholders. This is anti-democratic.

We also have highly imperfect democratic governance in the largest developed countries (especially the US and UK). In the US it is money that votes not people. This has nothing to do with how firms are financed (capitalism).

What is needed in the US is to reform the electoral process so that money is not used to buy elections. Any combination of public financing, limited allowance of corporate money, free broadcast time and a number of existing good government proposals could do the job. Unfortunately there is little sign of a desire for reform.

The permanent election industry (consultants, lobbyists, media, pollsters, etc) makes too much money from the present system to want to see it changed.

As the number of non-democratic capitalist countries continues to grow the old confusion between the two concepts is starting to vanish. We need to repair democracy, we need to replace capitalism.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Fri Sep 19th, 2008 at 11:58:20 AM EST
[ Parent ]

What is needed in the US is to reform the electoral process so that money is not used to buy elections

How do you view Obama's method/success at fundraising?

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Fri Sep 19th, 2008 at 01:56:58 PM EST
[ Parent ]
rdf:
The permanent election industry (consultants, lobbyists, media, pollsters, etc) makes too much money from the present system to want to see it changed.

was there ever a more parasitic, useless caste in history?

amusing to think the whole phenomenon was a luxurious excess, that future societies would do well to heed as warning.

as in carved in stone in every village square...

don't blindly trust treasurers!

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Sep 19th, 2008 at 04:48:41 PM EST
[ Parent ]
What we have now is public firms where the governance is under the control of the CEO and board of directors, not the stockholders. This is anti-democratic.

It may be, but if you read Galbraith's The New Industrial State is seems like a natural development.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Sep 21st, 2008 at 08:54:10 AM EST
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