Considering corporate power and global capitalism

  • From @rmshapiro (original post):

    The global nature and power of multinational corporations must be considered! A problem to address in the Victory Plan = The structural distinctions between the U.S. Federal government and corporations are vastly different today from what they were in WWII days. Supranational corporations predominately create and enforce policy through the complex dance of money and the revolving door peopling of nation-state governments from their own ranks. Suggested by Carol Cina.

  • From @eric-schechter (original post):

    We need to look at more fundamental questions of economics. I haven’t read much of your [Victory Plan] yet, but from the little I’ve read of it, and from your [Ezra’s] email, it appears to me that you do not mention ending capitalism. Apparently you believe we can fix our environmental problems while continuing to live under a government that is privately owned and that works only for increasing the profits of its owners. I disagree. Ecocide is an ever present externalized cost in any market economy. You may think you are more revolutionary than Bill McKibben, but I think you are still not nearly revolutionary enough. I need to put that in a more constructive form, so here it is: Think about whether ecocide is inherent in the fundamental principles of our economic system.

  • From @rmshapiro (original post):

    We must be careful about how we accomplish our mobilization. The large corporations gained considerable power as a result of the WW2 mobilization. The following book is an important reference for how we approach this: Kolko, Gabriel. After Socialism: Reconstructing Critical Social Thought (see p. 101). Taylor and Francis. Kindle Edition.

    A quote from Kolko:
    [In the United States, men recruited from the giant firms dominated all sectors of the war-mobilization structure; when the War Production Board (WPB) was created in January 1942, some 1000 of its key executives were paid by their employers rather than by the government. Two-thirds of the $175 billion in prime contracts the WPB issued over four years went to 100 corporations, and only ten of these received 30 percent of the total. And, of course, half of the $26 billion in new plant – a sum equal to two-thirds of the cost of all manufacturing facilities built before 1939 – were operated by 25 corporations; over three-quarters of this new capacity was usable after the war ended, and 250 corporations acquired over two-thirds of it at bargain “war surplus” rates.]