February 16, 2007

Restrict Corporations? Commie...

That's right, I'm a big commie. Not really, they wear ugly shoes and only drink vodka. I'm not so much for either.

Capitalism, which has made this country a vibrant economic superpower, is being strangled not by communists or socialists but by corporations themselves. Who's Playin' has a great post up about restricting corporate lobbying, which has created too good an atmosphere for corporations. Why do corporations enjoy First Amendment protections of political speech? In Texas, we keep them out of it so why not at the Federal level?

The point I’m slowly getting to here is that I do NOT believe that a First Amendment right to freedom-of-speech exists for corporations. I truly think that we would all be better off if certain restrictions were placed on corporate entities:

1. No political lobbying.
2. No political donations of any kind.
3. No political advocacy of any kind.

After all, our government is supposed to be a government of, by, and for the people. As long as the current rules allow for corporations to influence public policy, it is the ethical obligation of the officers and board members of that corporation to do their best to encourage public policy that protects the interests of the shareholders to the detriment of other market entrants or competing interests such as labor, public safety, or the environment.

We've talked a lot about the failures of tort reform and deregulation. When you allow corporations to rewrite the rules, they won't do it to benefit consumers, especially when there is little more than lax government oversight. Deregulation is not altogether bad on it's face. However, it's time we take a serious look about what we're seeing in the competitive landscape and either prodding the companies forward to compete or re-regulate if they won't. That's a conversation that needs to be had sooner, rather than later and we need to cut the vocal chords of corporations first.

I know the lobby will hate it but who the fuck cares? When was the last time you felt bad for Velma Luna?

Posted by mcblogger at February 16, 2007 03:10 PM

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