Penguin: Election Theater, 50 Companies “Own” All

Commerce, Corruption, Economics/True Cost, Government, Politics
Who, Me?

To set the stage, here is a quote from a top Reagan era economist.

“Paul Craig Roberts: “As readers know, I don’t think that either candidate is a good choice or that either offers a choice. Washington is controlled by powerful interest groups, not by elections. What the two parties fight over is not alternative political visions and different legislative agendas, but which party gets to be the whore for Wall Street, the military-security complex, Israel Lobby, agribusiness, and energy, mining, and timber interests.”

Now imagine a populist revolt that eliminates absentee owners and declares local to global debt jubilees, much as the IMF is (rather radically) considering in The Chicago Plan Revisted (August 2012), while the local, state, and federal government also agree on the Automated Payment Transaction Tax or the Tobin Tax (two different ideas that can be implemented separately or together).

No Conspiracy Theory — A Small Group of Companies Have Enormous Power Over the World

October 31, 2012  |

In October of 2011, New Scientist reported that a scientific study on the global financial system was undertaken by three complex systems theorists at the Swiss Federal Institute of Technology in Zurich, Switzerland. The conclusion of the study revealed what many theorists and observers have noted for years, decades, and indeed, even centuries: “An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.” As one of the researchers stated, “Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market… Our analysis is reality-based.” Using a database which listed 37 million companies and investors worldwide, the researchers studied all 43,060 trans-national corporations (TNCs), including the share ownerships linking them.[1~footnotes at the end of the article]

Read full AlterNet article and notes.

Phi Beta Iota:  All signs point to the next four years being status quo years during which the dysfunctionality of government and the criminality of banks continue.  With the death of the Republican Party (beaten by a nearly comatose Democratic Party), both running on money from their theatrical producers the way is now open for a new party to emerge, and ideally a new coalition of small parties that comes together to take one third of the 2014 seats and all of the 2016 government.  The legalization of marijuana in Colorado and Washington, and the many nullification ballots, demonstrate the growing chasm between a government run by special interests, and the public interest.  We the People Reform Coalition remains, in our view, the only non-violent alternative to multiple wars of secession. As our founder, Robert Steele, has said on more than one occasion:  “There is nothing wrong with America that cannot be fixed, and fixed quickly, with the restoration of integrity to our electoral process, and thence to our government.”