Business vs. Business...Corporate Personhood

banking imagesIn response to the Supreme Court’s terrible decision giving corporations First Amendment rights “dozens of current and former corporate executives” from corporations including Delta, Playboy Enterprises, Ben & Jerry’s, Seagram’s liquor company, toymaker Hasbro, Delta Airlines Men’s Wearhouse, and Crate & Barrel sent a letter to Congress asking it to immediately pass the Fair Elections Now Act, which would publicly finance all congressional campaigns out of a special fund created by a fee levied on TV broadcasters. They say they are tired of getting fundraising calls from lawmakers and now it will get worse.  Actually, these relatively smaller corporations really have nothing to worry about when it comes to getting more fundraising calls from members of Congress.  Their smaller contributions will be replaced by billions from Big Oil, Big Pharma, Big Agriculture, Big Retailing, and Big Manufacture in China.  What they really have to worry about is that these huge corporations will use their new Supreme Court-granted political power to wipe them out altogether.  Robber Baron industries can now drop billions to lobby to simply make illegal smaller companies, or force them to sell to giant conglomerates.  Reagan and Clinton brought us "good buy small business" - our malls and downtowns are now totally almost totally national chains.  Now you can say "good bye" to medium sized businesses - and even big American corporations - as well, as transnational, German, Japanese, and Chinese corporations can legally buy our politicians and use the power of the state to put their competitors out of business.

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