We have lost our republic.

I just finished watching an inspiring TED talk by Lawrence Lessig, who implored:"We have lost our republic. We all need to act to get it back." What else can you say when only about .26% (don't miss the decimal) of American give any significant amount to federal candidates running for office. Also consider that only .00042% of Americans (that's only 132 people) gave 60% of the SuperPac money in 2012. Politicians spend 30-70% of their time seeking money for reelection. This corrupts the entire political process, in that our politicians vote so as to keep their funders happy, not the people generally. Thanks to corrupt federal laws and terrible rulings by the U.S. Supreme Court, the entire political process is corrupt, and it is legally corrupt. Very few people run the political process. Lessig argues that we can no longer ignore the corruption because this tiny number of people can block any meaningful political reform on every major issue. Nothing is getting done in Congress anymore, and that is the future unless we force the system to change. thus, election reform might not be THE most important issue (there are many important issues), but it is the "First Issue." Nothing else is going to get done unless we address election finance reform. Reforming the system is not a conceptually difficult issue. All we need to do is make sure the funding for our candidates comes from a wider swath of people. We need to spread out the influence of the funders. There are many worthy proposals out there that do this, such as the Fair Elections Act, John Sarbanes' Grassroots Democracy Act, or optimally, the American Anti-Corruption Act put forwarded by the Represent.us organization. All we need to do is "change the incentives." Lessig implores the audience: "Prove the pundits wrong. If you love the republic, act. We have lost our republic. We all need to act to get it back." We need to restore our republic, our representative democracy, meaning "a government dependent on people alone. I would make one additional suggestion. We should either enact a meaningful grass roots campaign funding system, or we should stop celebrating the Fourth of July. Or alternatively, until we enact grassroots campaign funding, we should celebrate the "Anti-Fourth of July."

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How the Swiss handle corporate fatcats

This from The Economist:

PUBLIC wrath at the widening gap between packages awarded to company bosses and the average citizen’s take-home pay resounded through Switzerland on March 3rd. Voters there overwhelmingly backed an initiative to give shareholders of Swiss listed companies a binding say on executive pay and an annual right to vet board appointments. Other sanctions would forbid the award to executives of severance packages, side contracts, and rewards for buying or selling company divisions. The penalty for infringements could be as much as three years in jail, or the forfeit of up to six years’ salary.

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We the People proposed Amendment

This proposed Constitutional Amendment from We the People Amendment is loaded with good ideas:

Section 1. [Artificial Entities Such as Corporations Do Not Have Constitutional Rights] The rights protected by the Constitution of the United States are the rights of natural persons only. Artificial entities established by the laws of any State, the United States, or any foreign state shall have no rights under this Constitution and are subject to regulation by the People, through Federal, State, or local law. The privileges of artificial entities shall be determined by the People, through Federal, State, or local law, and shall not be construed to be inherent or inalienable. Section 2. [Money is Not Free Speech] Federal, State, and local government shall regulate, limit, or prohibit contributions and expenditures, including a candidate's own contributions and expenditures, to ensure that all citizens, regardless of their economic status, have access to the political process, and that no person gains, as a result of their money, substantially more access or ability to influence in any way the election of any candidate for public office or any ballot measure. Federal, State, and local government shall require that any permissible contributions and expenditures be publicly disclosed. The judiciary shall not construe the spending of money to influence elections to be speech under the First Amendment.

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Iceland’s recipe: Let the banks fail

This article includes a video interview with the President of Iceland, who explains that part of Iceland's recovery from economic catastrophe was to allow the banks to fail.

In an impromptu interview with the Al Jazeera News Network’s Stephen Cole, Iceland’s President Olafur Ragnar Grimsson explains that his country was able to rebound from the worldwide financial crisis better than all other countries that faced the same problems, by doing just that, allowing the failing banks to go bankrupt.

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Now to make the democracy actually work

Many Americans I know assume that voting is the only method by which they participate in their government. This is incorrect. As Howard Zinn stated, "Voting is easy and marginally useful, but it is a poor substitute for democracy, which requires direct action by concerned citizens." ["Election Madness" The Progressive (March 2008)] Politicians are highly susceptible to pressure asserted by social movements and by corporate power. If social movements are weak or non-existent, politicians will fall completely into the arms of corporations. Exhibit A is the rapacious yet mostly legal conduct of Wall Street banks over the past decade. Amy Goodman raised this point of the need for ordinary citizens to get involved in social movements to keep pressure on the president in a recent article at Common Dreams:

Someone asked [Barack Obama] what he would do about the Middle East. He answered with a story about the legendary 20th-century organizer A. Philip Randolph meeting with President Franklin Delano Roosevelt. Randolph described to FDR the condition of black people in America, the condition of working people. Reportedly, FDR listened intently, then replied: “I agree with everything you have said. Now, make me do it.” That was the message Obama repeated. There you have it. Make him do it. You’ve got an invitation from the president himself. For years during the Bush administration, people felt they were hitting their heads against a brick wall. With the first election of President Obama, the wall had become a door, but it was only open a crack. The question was, Would it be kicked open or slammed shut? That is not up to that one person in the White House, no matter how powerful. That is the work of movements.

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