Thursday, May 15, 2014

Democracy is essential to Capitalism; 'Democratic Capitalism' is essential to Democracy.

Capitalism has become an irreplaceable Institution in our Democracy. To be sure, its an economic institution but, is 'motored' by a profit motive; not by the Democratic political motive, of Freedom and Equality. Obviously, a profit motive engenders a competitive spirit. But, the economic motor and the political motor must be kept separate; if not kept completely separate, they must, at least, have equal responsibilities. The two principles should not be mixed nor be antagonistic to each other, nor should the political engine be replaced by an economic engine. Since democracy respects and protects the institutions of capitalism, as it has in the past, because many economic institutions have their 'source' in the Freedom and Equality guaranteed to all 'Persons', which legally includes a Corporation. Capitalism should reciprocate by supporting the institutions in the social and in the economy. By that I mean that the 'competition' engendered by the corporate structure should not violate the political principles of Freedom and Equality of the individuals in a democracy. As it is, a corporation is considered by the legal system as a "legal fiction". In other words, it doesn't really exist; of course, only "in contemplation of law". Hence, a Fiction. That, already unbalances the 'competitive scales'. A real human being competing against a corporate structure? Come on, where is the balance? Of course, some will say, well anyone can incorporate his/her business; so just incorporate. But that's not the problem. The problem is that an 'abstract fiction' has a greater 'economic grasp', than a real individual and hence amasses great profits. In order to bring this result, it was necessary to incorporate the businesses. But, the answer is not to put a 'cap' on profits but, to legally have the created 'person', or "fictions" assume some social and economic responsibilities, such as those related to the 'work force', employment, employees, and institutions of a 'social nature' or institutions of an 'economic nature'. These social and economic responsibilities should be 'backed' by Law. If there is no compliance, and the law can't put the 'corporation' in jail, put the Real people behind the 'corporate shield' in jail. Corporations have given us a great economy; isn't it time they reciprocate to the economic institutions and the people at the Bottom who helped them generate so much profit. It took 'real people' to 'motor' and to generate profits for the corporations. A successful economy cannot function well without corporations; but, the economy needs a Democracy, not a Plutocracy or an Oligarchy. If we ever get a Plutocracy or Oligarchy, the economy will collapse. ( maybe that's our problem) Hoarding income at the top 1% does not benefit an economy that should function as a democracy.

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Democracy For The Bottom by Gilbert Gonzalez is licensed under a Creative Commons Attribution 3.0 Unported License.