PBS highlighted an expose on corporate corruption and crime.
President Andrew Jackson in the early 19th century spent his whole presidency holding the business forces at bay that were pushing for the legal formation of a business granting legal rights of an individual citizen to a business structure on paper. President Jackson, even without a formal education, could see the threat of this business structure to the health and well-being of the common working slob.
Jackson felt it was a direct threat to the working citizens of our new country and blocked the creation of the Second Bank of the United States; he also worked against all corporate charters. Unfortunately, President Jackson was the last president with morals in economics.
As we know today, money runs politics; political influence is bought and sold. The forces representing big business with big money got their way with future presidents, and the legal corporate business structure was codified.
The PBS show revealed that Jacksons fears were not unfounded. Corrupt individuals in a corporation can use the corporate platform to launch attacks on the wallets of U.S. citizens while using the whole corporate structure for cover and the avoidance of liability.
How many individuals were charged in the last Wall Street economic meltdown where much of the nations wealth changed hands? The losses to citizens across the country were record setting.
The federal government was doing backflips trying to offset another 20th century type depression. The middle class took one heck of a financial hit.
Today, the financial disparity between corporate CEOs and the average working slobs is greater and greater all the time. It is getting so bad the media is referring to the situation as the disappearing middle class of America.
We are heading for a two-class society, royalty and surfs, in a country that was not supposed to have a class structure. This situation has to be corrected or the American dream is no more.
Government will exist for the benefit of corporations only. Individuals will be lost to poverty. If you cant afford a lobbyist, you will have no representation in government.
Is that the American way? Is this America, or has it been stolen?
Edward L. Barlow