1882 – Death of Henry James, Sr. – on democracy
“Democracy is not so much a new form of political life as a dissolution and disorganization of the old forms. It is simply a resolution of government into the hands of the people…”
2009 – Publication this month of article, “People as Property: Criminalizing Color, Dissent and Impoverishment through the Prison-Industrial Complex” by Karen Coulter
“Slavery and involuntary servitude were supposedly abolished by the 13th amendment to the Constitution. However, the amendment reads that slavery and involuntary servitude shall no longer exist in the U.S. ‘except as punishment for crimes whereof the party shall have been duly convicted’…Then there are the investors in the prison industry: American Express Corporation invested millions in private prison construction in Oklahoma; General Electric Corporation financed prison construction in Tennessee; Goldman Sachs, Merrill Lynch, Smith Barney, and other Wall Street investment firms made big profits by underwriting prison construction with the sale of tax-exempt bonds, a 2.3 billion dollar industry as of 1997. Some of the largest Wall Street investment corporations started buying bonds and securities from private prison corporations in the ’90’s and reselling them for profit to individual investors, mutual funds and others, literally speculating in the growth of locking up more and more people. The rise of the prison industrial complex can be accurately seen as part of a profound transformation that restructured U.S. economic development and its forms of social control. Philip Wood identifies corporate colonization of decision-making structures as a key element of the changes in U.S. public policy supporting the expansion and privatization of the prison industry.”
Karen Coulter is a principal of the Program on Corporations, Law & Democracy (POCLAD) http://www.poclad.org/BWA/2009/BWA_2009_DEC.html
1902 – Birth of Sidney Hook, American philosopher – democracy is like love
“Democracy is like love in this: it cannot be brought to life by others in command.”
1885 – Corporate lawyers claim railroad corporation’s 14th Amendment rights violated
In San Mateo v. Southern Pacific R. Co., 13 F. 722 (C.C.D. Cal. 1882), corporate lawyers attacked a provision of the California Constitution that assessed higher property taxes against railroad corporations than against non-corporate properties. The attorneys charged that the state violated the railroad’s “rights” under the Equal Protection Clause of the Fourteenth Amendment. The parties settled the case before the Supreme Court announced a decision; however, the argument would be used one year later in what would become the very first time corporations were granted 14th Amendment “rights” by the Supreme Court in Santa Clara County v. Southern Pacific Railroad Company, 118 US 394.
1970 – Birth of Senator Ted Cruz (R., Texas) – politicians are open to the highest bidder
“Lobbyists and career politicians today make up what I call the Washington Cartel. … [They] on a daily basis are conspiring against the American people. … [C]areer politicians’ ears and wallets are open to the highest bidder.”
1913 – Congress passes Federal Reserve Act – Creating Federal Reserve System
The Act created a largely corporate controlled national banking and currency system, passed in the House by 298-60 and in the Senate by 43-25 and signed by President Wilson on this day. It was a major coup for banking corporations through the establishment of a private central bank authorized to “monetize” government debt (i.e. to print their own money and exchange it for government securities or I.O.U.’s). The central banking system was composed of 12 regional private/corporate banks owned by participating commercial banks. All national banks were required to join the system. Banking corporations now controlled the issuance and distribution of our national currency. By controlling our national money faucet, they could create inflation and deflation. This corporate monopolization of our currency allowed for public regulation, but not control. It was now banking corporations, not the U.S. government, that controlled the national currency. Congress handed its Constitutional power under Article 1, Section 8 to create our money over to private banking corporations. It’s the ultimate form of “privatization” – more accurately “corporatization” – of what was meant to be, and should be a public function or service.
1962 – Birth of David Cobb, former Outreach Director of Move to Amend and Principal of the Program on Corporations, Law & Democracy (POCLAD)
Cobb debated James Bopp in September, 2014 at Indiana University in Bloomington, IN on “Citizens Divided: Corporate Money, Speech, and Politics.” Bopp is General Counsel for the James Madison Center for Free Speech and was lead attorney for Citizens United, the group that argued their corporate 1st Amendment “speech rights were violated when prevented from airing a political program just prior to the election.”
The “debate” turned out to be one-sided – with Cobb presenting a much stronger case for why corporations should not be granted “personhood” rights and money should not be equated with “free speech” than Bopp arguing the reverse.
Watch the debate at https://www.youtube.com/watch?v=ijSsZdCatTM