Secret Corporate Takeover and Relative Bargaining Power

After reading my last blog entry and thinking more about it this link tells about what is the conceptual imperative that drives everything:

Investor Protection!  In an indirect way I covered that by saying it was all about reducing economic risk.  Investor Protection by another point of view in my opinion if not in fact.

That is what TPP is all about.  That is what prohibiting local level laws regarding plastic bags is all about as well.  In a roundabout way I said that in the prior blog entry.  In the context of the prior blog entry point of view everything in this link can be interpreted to apply all the way down to the local level as far as Economic Investor Protection is concerned.

"The Secret Corporate Takeover"

The link concludes:

Rules and regulations determine the kind of economy and society in which people live. They affect relative bargaining power, with important implications for inequality, a growing problem around the world. The question is whether we should allow rich corporations to use provisions hidden in so-called trade agreements to dictate how we will live in the twenty-first century. I hope citizens in the US, Europe, and the Pacific answer with a resounding no.
Read more at http://www.project-syndicate.org/commentary/us-secret-corporate-takeover-by-joseph-e--stiglitz-2015-05#w1i2WEppMzvgefT4.99

The bottom line:  Rules and regs determine the economy and society.  They are a function of realtive bargaining power.  The balance of relative power is no longer Corporate and Union.  Unions have no power.  It is Corporate and "The Public"  The public not being a customer but a resource to exploit at the expense of its own interest which is economic but far beyond that its best interests are social and the general welfare which are non-economic and trump economics of Investor Interests.

All economics is local.  Our form of government is based on a bottom up foundation of individual rights which are not to be abridged or infringed upon.

It looks to me like the the Corporate Model is that business is based on the foundation of individual investor protection rights that are not to be abridged or infringed upon by governmental laws that advance non-economic interests of the common good beyond investor protection rights.  If they do then investors must be made whole (paid off) by the public (our appropriate level of governmental law, national, state or local) for loss of actual or future (mark to mark believe) profits.

Therefore:

All economics is local because any and all settlement payments under the rights of Investor Protection under the laws enabling it at the national, state or local level fall upon the citizen.

Fundamentally it is the consumer at the foundational base of our economic systems that produces profit or, if they impinge on the making of profit by any law or regulation under Investor Protection rules must pay the penalty in accordance with the law.

We Pledge Allegiance To The Corporation And The Investors For Which They Stand.

Not me, not my town, not my state, not my country.

No TPP at any level.

After thought:

On of the bug/features of TPP is settlement of disputes through mediation.  A non-judicial system method of resolution.  A form much in favor by corporate interests and the method specified in the small print of consumer contracts as the default agreed upon method of settlement of dispute.  Much in favor by corporate interests because it stacks the deck (good old risk reduction, reward maximization business plan) in favor of the corporation.

They who write the rules.....rule!  (By circumventing governmental judicial system with their own system or owning the government legislative system that writes the rules, the executive branch that applies and enforces the rules and the judicial branch that interprets the rules.)  I did listen in high school civics but that did not tell me how the system really works.

The other day I read an excellent link describing who were the writers of TPP.  Corporate types and those that went through the swinging door either way from business to government, public to related private interests.  That might be another interesting Allegiance relationship to examine but the conclusion is too obvious to waste the time to support it.

Why?

Its all about the money.

Duh!

It is often surprising to discover that some things are not the same as always fundamentally believed to be.....

Shadows on the wall..........and

Truth

One thing I continue to believe is that if we get firm foundation in the concept of what money is (digital discretely identified units of value each with a value of one dollar operating in a block chain transaction system of exchange among discretely identified entity owner accounts)  then we can manage for the common good what money does (economics) by simply following the metrics of money to learn what it does on the macro and micro level.