Here is a great article by Tony Cartalucci, 2012 US Elections: Obamney vs. Rombama, in which he points out how Bush-Obama-Romney are all the same, all puppets on behalf of the “corporate-financier interests of Wall Street and London.” Their foreign policies are all the same, all backed by the same hacks of the same think-tanks, funded by the same corporations.
Cartalucci asks what we can do about it, and lists several answers. First on the list is boycott the upcoming U.S. election. Also, he suggests to boycott and replace the corporate oligarchy.
By boycotting the goods, services, and institutions of this oligarchy, we steal the fire out from under the proverbial cauldron – the very source of the current paradigm’s power. While it is impractical to commit overnight to a full-spectrum boycott, we can begin immediately by entirely boycotting corporations like Coca-Cola and Pepsi, Kraft, Unilever and others by simply supporting local businesses and our local farmers market. This “voting with one’s wallet” is a form of democracy that unlike elections, will undoubtedly shift the balance of power toward a system more representative of the people’s interests.
By creating self-reliant communities independent of the machinations of corporate-financier interests, we provide ourselves with the greatest form of insurance against instability and uncertainty – an insurance policy placed solely in our own hands.
Unfortunately, he includes the suggestion of raising taxes on “parasitic financial speculation and market manipulation” and instituting a 1% Wall Street tax, citing Webster Tarpley’s plan on that. Economist Robert Murphy smacks down Tarpley’s flawed economics and historical ignorance in this blog post.
As Murray Rothbard noted, government taxation is nothing but theft. What needs to be done with Wall Street is actually prosecuting fraud and theft (specifically Hank Paulson et al at the top, in their 2008 extortion criminality), getting rid of fractional reserve banking and decentralizing (de-cartelizing) the banking system, repealing legal tender laws and the Federal Reserve Act of 1913, and removing all regulation and restrictions on entrepreneurs and producers, in finance or banking or whatever, so that established businesses and corporations may not use the armed power of government to restrict the right of others to get into their line of work.
And in this article, Reason‘s Tim Cavanaugh discusses the idea of companies going public, or whether or not private businesses should remain “private.” My own personal view is that I could never understand this thing with investing or having some minor ownership stake in a large company or corporation. It just doesn’t make sense to me.
Roderick T. Long: Three from the Liberator
William Grigg: Ruby Ridge and the Age of State Terrorism
Karl Denninger: So the Cops Shot 9 New Yorkers?
Sheldon Richman: Bastiat Misread: When Will the Critics Read with Both Eyes Open?
Steven Horwitz: Droughts, Famines, and Markets
Patrice Lewis: We Ain’t Got No Self-Control
Annie Robbins: Violence and Vulgarity Are Also Aspects of the Israeli Occupation (NB: bad language)