The Six Principles of Economic Aristocracy

1. Worldview
In the spirit of aristocracy, the corporation discriminates based on property --paying stockholders as much as possible, and employees as little as possible.

2. Privilege
Stockholders claim wealth they do little to create, much as nobles claimed privilege they did not earn.

3. Property
Like a feudal estate, a corporation is considered a piece of property --not a human community-- so it can be owned and sold by the propertied class.

4. Governance
Corporations function with an aristocratic governance structure, where members of the propertied class alone may vote.

5. Liberty
Corporate capitalism embraces a predemocratic concept of liberty reserved for property holders, which thrives by restricting the liberty of employees and the community.

6. Sovereignty
Corporations assert they are private and the free market will self-regulate, much as feudal barons asserted a sovereignty independent of the Crown.

The Six Principles of Economic Democracy

1. Enlightenment
Because all persons are created equal, the economic rights of employees and the community are equal to those of capital owners.

2. Equality
Under market principles, wealth does not legitimately belong only to stockholders. Corporate wealth belongs to those who create it, and community wealth belongs to all.

3. Public Good
As semipublic governments, public corporations are more than pieces of property or private contracts. They have a responsibility to the public good.

4. Democracy
The corporation is a human community, and like the larger community of which it is a part, it is best governed democratically.

5. Justice
In keeping with equal treatment of persons before the law, the wealthy may not claim greater rights than others, and corporations may not claim the rights of persons.

6. (r)Evolution
As it is the right of the people to alter or abolish government, it is the right of the people to alter or abolish the corporations that now govern the world.

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