A good article, by Thom Hartmann, discusses the history of leniencies that our government has given corporations in this country.
But, over time, it is clear that corporations are the source of many problems for the average worker. Instead of being a force for good, many corporations are now a force for harm, financially, personally, and environmentally. Not merely benign, but actively attacking the common American.
This is because, in the past, corporations enjoyed privileges because they offered a benefit to the community in which they existed. But in this current climate, they increasingly demand concessions from legislators (paid for by taxpayers) and give little back. They enjoy severe tax advantages that small, local businesses and service organizations do not.
The exchange was supposed to be that we, the people, received a substantial return on this investment, in the form of new roads, good paying jobs, pension plans, job training, support for schools, and other community positives.
Hartmann points out that originally, corporation charters were required to legally dissolve after 40 years of operation. This is because the founders were smarter than we are, knowing full well that these entities needed to be contained lest they become too powerful. We modern Americans have bought into the whole notion that “what is good for General Motors is good for the USA.”
It’s not. How could it be? Corporations are no longer tied to local communities. Their CEOs have no connection with local managers, or the local needs of workers.
The article is a good account of where we are. Now, we need to figure out what to do about it.