Comment by phendrenad2
2 days ago
In our current system, which is, without a doubt, a corpocracy, it's easy to forget that before the 1970s, corporations didn't have that much power at all, and they were regularly overruled by other organizations - labor unions, government social welfare programs, religious institutions, grassroots movements, etc. Allowing corporations to maintain access to the US market while outsourcing jobs to countries with slave labor is the exploit/loophole that allowed corporations to amass wealth and MADE corporations as powerful as they are today.
Bring back capital controls!
This does sound radical (and it is), but the lack of capital controls is essentially what's created the ability for corporations to engage in massive, massive labour arbitrage to the detriment of many citizens in the West (I personally, and my family have benefited from this, but that doesn't make it right).