first, abolish the concept of corporate personhood, which is based on a marginal note in a legal case rather than on the case itself . . . second, prohibit corporations from buying other corporations . . . third, prohibit corporations from participating in the political process . . . fourth, give corporations a finite life span, similar to human beings . . . fifth, limit corporations to operating in a specified field of endeavor rather than anything they damn well please . . . these are just off the top of my head, and I could probably go on . . . and other people have other ideas . . . but you should know that, until the mid-1800s:
- Corporations had limited duration, 10 years, 20 years, 30 years -- they were not given forever, like corporate charters are given today.
- The amount of land a corporation could own was limited.
- The amount of capitalization a corporation could have was limited.
- The corporation had to be chartered for a specific purpose -- not for everything, or anything.
- The internal governance was very different -- shareholders had a lot more rights than they have today, for major decisions such as mergers; sometimes they had to have unanimous shareholder consent.
- There were no limitations protections on liability -- managers, directors, and shareholders were liable for all debts and harms and in some states, doubly or triply liable.
- The states reserved the right to amend the charters, or to revoke them -- even for no reason at all.
the folks at
http://www.ratical.org/corporations/ have an eleven-point program that they propose as a starting point . . . looking at these isues would be a good place to begin:
1. We can start by revoking the charters of especially harmful corporations who have inflicted mass harm on innocent people.
2. We can recharter corporations to limit their powers and make them entities subordinate to the sovereign people. For example by granting charters (as used to be the case) for limited time periods, requiring that there be a conscious, deliberate act of approval by communities and workers for corporations to continue beyond the initial time in which they have been chartered. For making corporate managers and directors liable for the harms done by corporations.
3. We can address a fundamental obstacle to democratic control over corporations, which is their sheer size. I think many of you are well aware that the largest corporations today are larger than most nation-states. General Motors has gross income greater than the gross domestic product of Denmark. So we need to reduce the size of corporations by breaking them into smaller units with less power to undermine democratic institutions.
4. We need to establish effective worker and community control over production units in order to protect the "reliance interest", an important, if not fully developed, legal doctrine which workers and communities acquire over time in the actions, the activities, and indeed the assets of corporations.
5. We can initiate referendum campaigns, or take action through state legislatures and the courts, to end constitutional protections for corporate persons.
6. We can prohibit corporations from making campaign contributions to candidates in any elections, and from lobbying any local, state, and federal government bodies. And if you think this is off-the-wall, you should be aware that in the state of Wisconsin, up until a couple of decades ago, it was a felony for corporations to make political contributions.
7. We can stop subsidy abuse and extortion by corporations through which large corporations rake off billions of dollars from the public treasury. Please let us not call it "corporate welfare". Welfare should be a positive concept. This is extortion and subsidy abuse and we need to stop it.
8. We need to launch campaigns to cap salaries of corporate executives, and tie them to a ratio of average compensation for production workers (say, five or ten to one).
9. We can encourage worker and community-owned and -controlled cooperatives and other alternatives to conventional limited liability profit-making corporations. They need not be the only game in town, in fact they are not the only game in town. But we need to work hard to expand alternative types of enterprises that will subject themselves to genuine democratic control.
10. We can prepare model state corporation codes based on the principle of citizen sovereignty, and begin the campaign for their adoption, state-by-state.
11. We can invigorate, from the grassroots up, a national debate on the relationship between public property and private property -- including future value -- and the rights of natural persons, communities, and other species when they are in conflict with those corporations.
you can learn more at
http://www.ratical.org/corporations/, including links to other resources . . .
the real point I'm trying to make is that this is THE issue that supersedes all others, and it should be treated as such . . .