7 Signs the Corporatocracy is Losing its Legitimacy--and 7 Tools to Help Shut it Down

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http://www.alternet.org/story/153933/7_signs_the_corporatocracy_is_losing_its_legitimacy--and_7_tools_to_help_shut_it_down/

You may remember that there was a time when apartheid in South Africa seemed unstoppable.

Sure, there were international boycotts of South African businesses, banks, and tourist attractions. There were heroic activists in South Africa, who were going to prison and even dying for freedom. But the conventional wisdom remained that these were principled gestures with little chance of upending the entrenched system of white rule.

“Be patient,” activists were told. “Don’t expect too much against powerful interests with a lot of money invested in the status quo.”

With hindsight, though, apartheid’s fall appears inevitable: the legitimacy of the system had already crumbled. It was harming too many for the benefit of too few. South Africa’s freedom fighters would not be silenced, and the global movement supporting them was likewise tenacious and principled.

In the same way, the legitimacy of rule by giant corporations and Wall Street banks is crumbling. This system of corporate rule also benefits few and harms many, affecting nearly every major issue in public life. Some examples:

* Powerful corporations socialize their risks and costs, but privatize profits. That means we, the 99 percent, pick up the tab for environmental clean ups, for helping workers who aren’t paid enough to afford food or health care, for bailouts when risky speculation goes wrong. Meanwhile, profits go straight into the pockets of top executives and others in the 1 percent.