We summarize last week’s activities; share upcoming events for next week; and comment on a proposed Ohio legislative bill that would cut unemployment insurance benefits, indicators of the next economic crisis, the richest 20 Americans owning more than the bottom 50%, Mark Zuckerberg’s “charity” that will be used for political influence, and several examples of corporate and anti-corporate/democratic actions at the Paris climate talks.
We summarize last week’s activities; announce upcoming events for next week; and comment on over 2000 groups who now oppose and are working against Fast Track and the Trans Pacific Partnership, a judge who ruled that Vermont law protecting human rights over corporate rights is legitimate, more evidence of how money pollutes politics and elections, the just introduced We the People bill in Congress that would end corporate personhood and money as speech, and a Baltimore corporate executive who accurately reflects on the economic and political roots of the tragedies there…and what may come if we don’t readdress fundamental injustices now.
“[I]t’s not wealth that floats and concentrates increasingly from the bottom to the top, it’s power. Wealth comes after that. And one shouldn’t confuse that order. Because power buys wealth infinitely faster than wealth buys power.”
Concentration of political power permits those with that power to establish laws, statutes, regulations, even constitutions, that insulates them, widens their political power and rights and expands their income and wealth.
Working to reduce income inequality or wealth inequality is, therefore, futile unless it addresses the gap between the political power haves and have nots — political inequality.
Corporate constitutional rights is one form of extreme political inequality and profoundly contributes to widening economic inequality. The ability of corporations to spend virtually unlimited sums of money lobbying elected officials and regulators, as well as influencing elections via advertising skews public policy in their favor — which includes enormous economic privileges.
It’s why centralizing leveling the political playing field by abolishing corporate constitutional rights (corporate “personhood”), as well as political money defined as political speech, is to vital to not only political equality, but economic equality.
We summarize last week’s activities; announce upcoming events for next week; and comment on the sinking US economy, the world’s richest people meeting on economic inequality, how corporations have more rights than people, an IMF economist on banks creating money out of nothing, corporate media concentration, the perils of perpetual economic growth, and the legislative “freeze” of renewable energy by the Ohio legislature.