Corporations

The corporations that today dominate our economic, social, cultural and political life have out-lived their usefulness. Just as 150 years ago the slave plantation became an obstacle to our country’s development, so today the corporation is the great obstacle that blocks the way to our common prosperity, and like the plantation, it must be abolished. No group of ten or twenty men sitting in a board room should be able to shut down a plant and destroy a community or bankrupt an industry and cripple a state. We as a society must expropriate the corporations and turn them into socially owned, democratically managed enterprises.

Government owned industries and socially owned cooperatives, with goals set democratically by society, production democratically managed by workers, with the input of consumers, and the advice of experts represent the future alternative to corporate domination and capitalism. To see how corporate power works, see my study of Cincinnati: Who Rules Cincinnati