For too long corporations have been defining success by maximizing profits at America'a expense.
Political activists protecting democracy need to join with organized labor to redesignthecorporation . The current corporate model was designed by capitalists to benefit themselves and it is the building block for corporatism. Taken in aggregate the traditional corporations are largely responsible for the majority output of our economy and the distorted distribution of wealth in America. Simply said, this model needs competition.
The redesign should start with a new type of manufacturing corporation that focuses on creating manufacturing jobs and paying living wages to its employees. The new model would not maximize profits by pushing all the money to the top as in the traditional model. Executive salaries should be limited to a multiple of hourly workers pay and the focus should be on paying a living wage and a competitive return on investment.
The new design needs to incorporate all the tenets of being a good American citizen, that is, by investing in job training, being green, protecting the environment, encouraging unions and giving them equal representation on the board. It should incorporate incentives for performance throughout the corporation.
The redesigned corporations should be “not for profit” and the monies from not paying corporate taxes can be used to compete with cheap foreign labor companies. This would strengthen America through job creation and offset some of the financial power enjoyed by the monopolist corporate billionaires who rule in the private sector. Employees and investors would pay taxes which is something that cheap labor corporations do not do now.
Instead of relying completely on the government to protect the interests of the American people the redesign builds the tenets of organized labor and democracy right into the fabric of the redesigned corporationand breathesasoul of a good citizenship into the corporate body. Instead of a "trickle down" economymonies generated from the redesign "permeate" the new corporations and the American economy.
Redesigns would be private investments and not need Congressional permission. They would fulfill a need for American corporations that are good for America and establish a new precedent in the private sector. The corporate tax system should be redesigned to complement the redesigned corporations and encourage good corporate citizenship, if and when possible.
A friendly source for funding should be pension funds where some estimates put the amount of union pensions at 9 to 11 trillions dollars. The power of organized labor needs to grow before it is erased by globalism and what better way to do this than to ally with workers and grow new members.