oreo
Gold Member
There are no stone tablets decreeing that only the richest shareholders and their boards of directors are qualified to make key decisions about what, how and where to produce and most importantly what to do with the profits.Why do you believe US corporations are the only viable model?
In the mid-70s the richest 1% of Germans earned about 11% of total German income every year. The richest 1% in this country earned about 8% of aggregate US income at that time. Today the US elites earn nearly 25% of total US income while their economic peers in Germany still take home the same 11%.
That occurred because German unions had (and still have) voting members sitting on their corporations' Boards of Directors. When German capitalists tried to outsource their factories to China, German workers said, "No way, Adolph."
Reforms like that one could work here.
OWS knows that much.
Too bad you are the first one I've seen say that...
If workers voted on these goals, it's not likely they would cast their ballots in favor of reducing their jobs and wages. I think OWS gets that part better than most of the 99%.
AMERICANS own Wall Street. They are common shareholders--aka (owners) of these corporations--through their 401K's--kids college tuition etc. and every year they are sent a ballot to vote on who will be the CEO--and it is they that determine salaries of CEO's.