It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by any other controlling private power. -FDR
The Growing Concentration of Economic Power. Statistics of the Bureau of Internal Revenue reveal the following amazing figures for 1935: "Ownership of corporate assets: Of all corporations reporting from every part of the Nation, one-tenth of 1 percent of them owned 52 percent of the assets of all of them." -FDR
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together. -Eisenhower
"The richest 1 percent have more financial wealth than the bottom 95 percent combined." -Michael Moore
I don't think it is fair to peg government involvement as the source for corporate behemoths power.
My position is that it is possible to lower small business taxes and lower barriers to entry and encourage competition, while limiting the power of mega corporations to throw their weight around on social policy issues.
We could for example, create legislation to keep corporations from exploiting foreign workers by encouraging or maybe even forcing them to keep jobs on domestic soil, while at the same time providing small business with tax breaks to encourage reinvestment in their own business.
U.S. international tax rules have been cited as a factor in the loss of U.S. headquarters jobs, one that may create an incentive for foreign multinationals to acquire the U.S. operations of American companies. These transactions are likely to result in the relocation of U.S. headquarters to foreign countries. A 2002 Treasury report on corporate inversions notes the growth in foreign acquisitions of U.S. businesses in recent years: $90.9 billion in 1997, $234 billion in 1998, $266.5 billion in 1999, and $340 billion in 2000. The relocation of headquarters abroad poses a serious long-term risk to the U.S. economy, to the extent that management functions move out of the United States and foreign overseers make future U.S. versus foreign investment and employment decisions. Decisions made by companies regarding the location of their headquarters affect the creation and retention of jobs in management, marketing, R&D, information technology, and other high-wage, high-skill areas. It is therefore critical that we not adopt policies that encourage companies to locate their headquarters overseas.
Of course, what you're talking about is limiting the federal governments power, not corporate power.
If the government had no power over social policy issues, corporations would have no power over social policy issues through lobbyists.
Our tax structure, minimum wage laws, and regulations are the biggest reasons why corporations choose to relocate.
Originally posted by The Transhumanist
The government control of the finance industry and GM was a result of a poorly managed, deregulated market and those firms would have failed in a capitalist system. The state has control over those industries which is socialism versus corporate control of the state which is fascism.
"If ye love wealth better than liberty, the tranquility of servitude than the animating contest of freedom, go from us in peace.We seek not your counsel or your arms. Crouch down and lick the hand that feeds you; may your chains set lightly upon you, and may posterity forget that ye were our countrymen!" --Samuel Adams
When has any government program/regulation/whatever turned out well for the collective and if so, how?
We are in the final stages of our destruction, at the behest of both parties. If you think more regulations will do anything but destroy small business and give more power to the Mega Corps, you slept right through the TARP and TARF debacle. ALL HAIL TO ONE WORLD GOVERNANCE, THROUGH THE DESTRUCTION OF SOVEREIGNTY, OF THE US. Welcome to Cap and Trade. They should have called it-HR New World Order!