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Posts Tagged ‘communist’

What are we to think when the U.S. Government, the strong arm behind countless privatization schemes around the world, decides to “bail out” one of its largest private lenders, Fannie Mae/Freddie Mac, then proceeds to make gigantic public loans to even more corporations? In the realm of the laissez-faire capitalism promoted regularly by the neo-con right and the centrist left, it means we’ve gone “Commie.”

I don’t know about anyone else, but personally, I’m sick and tired of the CEOs of America (more…)

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Today, while reading Richard Barbrook’s fantastic book, Imaginary Futures, I encountered this well-stated quote from a much older book, Modern Corporation and Private Property, by Adolf Berle and Gardiner Means written in 1932:

The communist thinks of the community in terms of a state; the corporation director thinks of it in terms of an enterprise; and though this difference between the two might lead to a radical divergence in results, it still remains true that the corporation director who would subordinate the interests of the individual stockholder to those of the group more nearly resembles the communist in thought than he does the protagonist of private property.

So, around the world, are they really closet Stalinists or are they the freedom-loving CEOs they say they are? Modern Corporation is definitely going on my reading list.

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