In Logo Parentis
April 3, 2001
by Susan Sigandres
Can somebody tell me what is so bad about getting corporate
executives to pay millions of dollars to have pubic property
named after their companies? This is possibly the only instance
in which the public gets something for nothing from the private
sector. Why should we, the public, allow our buildings, stadiums,
and subways to be named after such non-revenue producers as
war heroes, scientists, Nobel prize winners, and ex-presidents
when we can get paid for having these places logoed?
Listen, the D.C. junta will do its best to sell this country
out to corporations anyway. The public might as well try to
get its fair share. As the Bush regime shrinks our government
down to nothing, our air becomes ever more polluted by CO2,
our water remains suffused with arsenic, our public lands
fall prey to miners, loggers, well-diggers, ditch diggers,
and gold diggers, we will have scant little to leave to our
children.
It is our duty as concerned parents and citizens to at least
try to preserve public areas by selling them out to corporations
before it occurs to the junta to do so. Therefore, we should
absolutely insist that our federal, state, and local legislators
take a lesson from the corporate arena itself: They should
immediately establish a formal nationalized market in which
companies can bid on having almost anything that belongs to
the public named after them.
The Feds can list such things as monuments, interstate highways,
national parks, and buildings on the exchange and corporations
can compete for the right to have their names plastered all
over them. States and counties can list buildings, bridges,
stadiums, arenas, roads, parks, beaches, bike paths, reservoirs,
stretches of sidewalk, etc. There can even be a "small cap"
market for municipalities, villages, and towns to list their
public offerings. And this market must do more than just initial
public offerings, it must also facilitate the efficient trading
of name-stakes between corporations -- for a commission payable
to the public coffers, of course.
Also, it would be short-sighted to only sell permanent name
stakes. Maximizing revenue means offering different ways companies
can purchase a name-stake in property belonging to the public.
So, there must be an options market. Buying a call option
on, let's say a picnic area, gives a corporation the right,
but not the obligation, to post its name on all the trees
for a specific amount of time at a specified price. At the
end of the period, the company can let the option expire or
exercise the call. If the call is left to expire, the picnic
area gets re-listed on the national naming exchange. If the
call is exercised, the company's name remains on the trees
for another specified period at a specified price.
Then there are put options. Let's say a company buys a put
option on a picnic area. This gives the company the right,
but not the obligation, to prevent any corporate names from
being posted on the trees. (Buying a put option is a defensive
strategy that companies can use to prevent competitors from
getting naming access to areas or buildings that would be
advantageous to their businesses. Given the right-wing extremist
disposition of corporate executives, I think the potential
for this put option market is HUGE.)
I would strongly advise against allowing short selling on
the naming exchange as corporations already sell the public
short as a matter of business practice. Big companies spend
billions trying to figure out how to get an edge over each
other for the sole purpose of reaching into our pockets. They
bombard us with brainless, tasteless, classless advertising
all the time. So let's beat them at their own game -- let's
make them pay us to look at them.
And, if it turns out that we don't like the jumble of logos
and insignias and tag lines that will assault us at every
turn, we can tell our federal, state, and local legislators
to pass laws disallowing the sale of corporate name-stakes
in our public property. And then the government can disband
the naming exchange. But not before it makes the corporations
buy their names and logos back off the public areas, charging
them commissions on these buy-back transactions, of course.
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