http://www.ritholtz.com/blog/2010/09/you-vs-corporations/

Excerpt:

Every generation or so, a major secular shift takes place that shakes up the existing paradigm. It happens in industry, finance, literature, sports, manufacturing, technology, entertainment, travel, communication, etc.

I would like to discuss the paradigm shift that is occurring in politics.

For a long time, American politics has been defined by a Left/Right dynamic. It was Liberals versus Conservatives on a variety of issues. Pro-Life versus Pro-Choice, Tax Cuts vs. More Spending, Pro-War vs Peaceniks, Environmental Protections vs. Economic Growth, Pro-Union vs. Union-Free, Gay Marriage vs. Family Values, School Choice vs. Public Schools, Regulation vs. Free Markets.

The new dynamic, however, has moved past the old Left Right paradigm. We now live in an era defined by increasing Corporate influence and authority over the individual. These two “interest groups” – I can barely suppress snorting derisively over that phrase – have been on a headlong collision course for decades, which came to a head with the financial collapse and bailouts. Where there is massive concentrations of wealth and influence, there will be abuse of power. The Individual has been supplanted in the political process nearly entirely by corporate money, legislative influence, campaign contributions, even free speech rights.

This may not be a brilliant insight, but it is surely an overlooked one. It is now an Individual vs. Corporate debate – and the Humans are losing.

I did inhale.

Don September 27, 2010 - 11:20am

I had something very like this post written already!

Where do corporations fit even on the comparatively sophisticated graph of politicalcompass.org? They're conspicuous by their absence. Traditionally pro-corporate movement would be downward movement, away from government regulation and towards libertarian values.

But the instant that corporate impact on one's life begins to mimic the effects feared from government, we realize that even that newer and more sophisticated model is no longer describing our reality.

In short, insofar as corporations supply the *rules that impact our daily lives and govern our actions*, corporations must be interpreted as de facto government.


"The best-informed man is not necessarily the wisest. Indeed there is a danger that precisely in the multiplicity of his knowledge he will lose sight of what is essential."

- Dietrich Bonhoeffer

Escher Sketch September 27, 2010 - 11:26am

that the system, or should I say systems, are basically totally broken. until people are willing to do that there will be no change, and things will continue to get worse. at some point i have no doubt there will be radical change. what i fear is that it will be radical neo nationalist change, and probably be very bad for the US and the world overall. OTOH i expect that at some point america will enter a new period of isolationism, probably pretty extreme isolationism..

johnfire September 27, 2010 - 11:32am

when you compare it with its own ideals.

The system is basically working when you compare it with anarchy, looting and mob rule.

See how it works? It might be an emotionally satisfying statement - but if it can be bent that far in either direction, it's completely meaningless. If it helps to think of it as "broken" in order to raise energy for change, then it's usefully meaningless, as long as the focus remains on finding places where pressure can be put for advance in the right direction.


"The best-informed man is not necessarily the wisest. Indeed there is a danger that precisely in the multiplicity of his knowledge he will lose sight of what is essential."

- Dietrich Bonhoeffer

Escher Sketch September 27, 2010 - 11:42am

id say we might be closer to looting and rioting than people think. as for anarchy and mob rule. no we have corportacracy. thats probably worse. if people dont face the facts and start dealing with it you WILL end up with civil unrest and worse. problems do not go away by ignoring them..

johnfire September 27, 2010 - 12:15pm

about who tosses the first stone through a shop window than I am with how many people stand ready to chuck the second and third and fourth.

There's no shortage of people talking about their readiness to chuck the first stone nowadays, and making the assumption that the folks with the second and third are right behind them, just as mad as they are.

IMO most Americans will be at home watching it all unfold on "Cops" (or whatever the equivalent is nowadays). I don't see that changing any time soon.


"The best-informed man is not necessarily the wisest. Indeed there is a danger that precisely in the multiplicity of his knowledge he will lose sight of what is essential."

- Dietrich Bonhoeffer

Escher Sketch September 27, 2010 - 3:51pm

I think he framed the debate incorrectly.

Being the proponents of corporations has always been right wing.

The Democratic party has basically become a right wing servant as well.

In the government examples he points out, it's simply that both parties now are at the beck and call of corporations. In other words, both parties have become servants of the right wing.

What am I missing?

quiet Bill September 27, 2010 - 12:43pm

As I understand it, the stockholders in the USA are the corporations, and the board of directors of the USA is the corporations. The target market for exploitation is general voters/consumers. The elections are a periodic reassigning of which competing middle management team (party) that the corporate executives use to manage the expectations and work/financial output of the public.

quiet Bill September 27, 2010 - 8:40pm

Woodward's latest dropped for the public this am.

Woodward, Bob (2010). Obama's Wars. New York: Simon & Schuster.

“The absence of any US-Iran bilateral channel...may have the perverse effect of reinforcing Iranian interest in progressing in the nuclear realm so that the US will be forced to take it seriously and engage it directly." ~ Richard Haass

JustPlainDave September 27, 2010 - 12:57pm

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