Saturday, December 25, 2010

How Do We Shift Power to the People and Away from Concentrated Corporate Power?

The power of concentrated corporate capital was on display in Washington last week, as it has been all year. The incoming Chair of the Congressional committee responsible for banking regulation, Rep. Spencer Bachus (R-AL) says “my view is that Washington and the regulators are there to serve the banks.” And President Obama sat down with the CEOs of 20 large corporations to talk about how he could help Big Business increase their already record profits. And, in the Supreme Court, 13 of 16 business cases were ruled in favor of business interests.
These actions echo a year where Sen. Durbin complained the banks “own” the Congress and where President Obama worked with the health insurance industry to keep them in control of health care while claiming it was “reform,” and where the Supreme Court in Citizens United vastly increased corporate power in elections by allowing unlimited spending.

Corporate capital dominates the government and prevents the changes urgently needed in so many crisis issues for the nation and the world.'


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