In what now appears to be prophetic Ralph Nader penned a piece defining 'Corporate Socialism'. The article was originally published in 2002 in the Washington Post.
Here's an excerpt; point number one:
Consider the following assumptions of a capitalistic system:1) Owners are supposed to control what they own. For a century, big business has split ownership (shareholders) from control, which is in the hands of the officers of the corporation and its rubber-stamp board of directors. Investors have been disenfranchised and told to sell their shares if they don't like the way management is running their business. Nowadays, with crooked accounting, inflated profits and self-dealing, it has proven difficult for even large investors to know the truth about their officious managers.
Here's the full text.
I was an active member of the Nader Campaign in 1996, about the same time as the more conservative local Seattle Commons issue - which some perceived as politically inconsistent. I would beg to disagree - and would hope that the best of the right and left would agree with above, and only the worst, disagree.
