Plutocracy

LIKE AN IDIOT, i jumped right in and bought a buncha facebook stock on the first day of issue, but for some mysterious reason i didn't even get lucky enough to get the opening price of thirty eight dollars. i paid forty two twenty i think it was, which makes me go "huh"?

what then, do only the important people get the IPO, assuming the price will initially rise? hell, for that matter, i wish i had been even farther back in line, and hadn't bought the crap until it hit thirty on the way down.

the limited liabilty stock issuing publicly owned corporation is among the wonders of human invention. most of the stock is owned by the wealthy few, but that is to be expected; everything else, including political pwer, is in the same hands.

but corporate ownership is a game at which all can play, to a degree, even the smallest of the small, which is one of its wonders.

if our economic system does not guarantee economic equality, should our political system guarantee political equality? or should political power be allowed to concenetate accoring to factors like economic power?

what is really needed, particularly in america, is a political system in which poor people can run for office, get elected, and represent the interests of the poor. traditionally, wealthy people, or people representing the interests of the wealthy, are elected to high offices, and the poor are assumed  have no interests, and definitely have no  representation.

please recall that america was established as a country in which neither woman nor men who owned no land were allowed to vote. the theory was that  they simply had no vested interest in the nation; only the wealthy  did.

nowadays we at least feign popular sovereignty. the  poor are allowd to vote. the wealthy corporations chose their candidates for them, candidates who represent the interests of the wealthy corporations, of course, and the poor get to select one, or the other.

the next step towards establishing a true republic, a true representative decmocracy, is to allow the poor to chose their own candidates.  "The purchase of political advertising is prohibited".

the poor will eventually have no choice but to represent themselves, nobody else will.

Bb

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