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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