-Caveat Lector-
Anthropomorphizing the Corporation
by John H. St.John ([EMAIL PROTECTED])
There is a troubling element of opportunism in discussing corporations as
though they were human beings. Corporations are slippery. They are organized
that way. Originally created for the purpose of eliminating liability for
wealthy
investors; they now have become legal individuals in their own right. As a
subterfuge to avoid liability they have the even more curious ability to
shift the blame for their crimes to human beings.
Even pulling the charter of a criminal corporation still leaves the
impression that there are good public corporations that are law abiding
citizens. The reality is that no corporation is wedded to any other law than
the bottom line. When corporations adhere to the law it is only because
not doing so would be bad public relations. Corporations are very fearful of
public opinion but they do not fear the law because they can not be put in
jail. If they are caught breaking the law, they throw the blame on Chain
Saw Al or some other obedient employee. They invest large sums of money in
law and public relations firms. They also invest money in a large number of
think tanks composed of hired academics with the mandate to screw up higher
education and provide talking-heads for C-Span. The American Enterprise
Institute has over 200 corporation CEOs on its board. The Heritage
Foundation likewise.
They have tightened control over the government and the media to the point
where the government has become a select committee to do their negotiating
with other countries and enable them to raid the US Treasury with impunity.
The culture spewed out by a corporate media reveals the inherent lack of
humanity endemic to the corporation hierarchy. The corporation is not human
-- it is a golem, a robot with one prime directive -- the bottom line. Even
investors, the privileged beneficiaries of the corporation, are victimized
by insider trading, class warfare, environmental degradation, genetic
tinkering, radio-activity and eventual chaos.
The public corporation is a Frankenstein monster that will kill its creator
unless stopped. It is a genie that can not be put back in the bottle. To
think of reforming corporations or “returning corporations to the control of
a sovereign people is like advising Pandora to put the troubles, she
released, back in the box. By threatening to pull their charter and selling
their assets to some other good corporation, and we can be sure that
Unocal’s CEO Roger Beach would be part of the deal; would not be a victory
but would put us in the position of creating another merger. Dan Lundgren
lost the election for governor of California, but not because he tabled the
Alliance petition. His successor as Attorney General promises to revisit
the petition; but will he actually pull Unocal’s charter? The killer is
that the whole affair probably won’t even make the news.
Never the less I rejoice at any attack on a corporation, but I still
remember Neville Chamberlain’s attempt to reform Adolph Hitler. Public
corporations are criminals by definition. Selling stock is a criminal act.
It is in violation of common law. Ownership and liability can not be
separated. No other organization has ever had this particular ability. If a
government or any other organization wants to raise money, they ask for
donations, borrow it, or issue bonds.
Today there are a lot of people making money on the stock-market and I
realize that outlawing stock would be as popular as outlawing motherhood but
many financial experts are fearfully expecting an inevitable Black Monday
with Wall Street laying another egg. We also have y2k waiting for us. We
should be thinking in terms of using this catastrophe to sound the death
knell for the illegal Ponzi scheme known as the public corporation. This
time we should put them in cement overcoats and sink them in the ocean. If
the Roosevelt administration had done this when it first took power we would
not have had to suffer sixty years of war Kenesianism.
The word corporation is from the Latin word corpus, or body. In its
inception with the Merchants of London, a guild; it was a body. When they
decided to sell stock to outsiders it became a corporation. Thus a
corporation is not a corporation. It is made up entirely of employees who
have no interest unless they own stock, and this is not a large enough
interest to confer ownership. In order to make a corporation truly a
corporation; you would have to give ownership to those who run it -- the
employees and change the stocks to bonds. Those who run and manage the
business are much more entitled to ownership than are stock-market gamblers.
If the corporation were a corporation and it committed some illegal acts.
Then it could be dissolved and the owners (employees) held liable.
Ed Yardeni; chief financial officer for Morgan Deutche and Grenfell.
(Europe’s largest bank) said at the first y2k panel on C-Span: “We are on
the Titanic and headed for an ice-berg”. Let us adjust our planning
accordingly.
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"From the rage of today's downtrodden comes the revenge of tomorrow's
revolutionary force." Edward Britton ><>
http://www.geocities.com/CapitolHill/5285/connector1.html
Talk to the planet: http://www.onelist.com/subscribe.cgi/Reality_Pump2
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