While I often condemn the goals and tactics of the new left, there is also a threat to america from the global corporations which dominate the world economy. The constitution was written to deal with a mercantile economy, and does not have the scope or even authority to manage the global marketplace. We need a series of constitutional amendments which will give the people's representatives the power to set fair practices and standards for corporate power.
To be clear, both the republican and democratic party are deep in the pockets of global corporatism. And the global economic powers don't really care if democrats or republicans run the government. They know they can dominate and prosper, whether republican free market principles rule, or if the government begins announcing 5 year plans of economic output. What is needed is a restructuring of the corporate infrastructure.
Here are a few ideas:
1) A global minimum wage.
The us has become a post-industrial society. The service economy driving america today does not offer long term national prosperity. The jobs and economic power potential has shifted from the us and is now firmly entrenched in china, india, and other nations. The debate over who caused this shift is not relevant here: greedy corporations or corrupt unions, take your pick. Fact is, corporations can increase profits by moving to nations with lower wages and less government interference; and they are doing so.
Just as the us has recognized the evils of child labor, the exploitation of the world's poorest nations should be condemned. Pitting nation against nation has allowed corporations to grow, but has weakened america and victimized workers in developing countries. To gain access to the american marketplace, corporations must be forced to engage in fair employment practices worldwide. I'm not suggesting $7 an hour as the minimum wage for workers in mexico; but I am saying a fair wage in mexico will improve the lives of both mexicans and americans. A global minimum wage will limit the drain of jobs to impoverished nations, and also make sure the jobs that do go to the third world contribute to a growing world economy, not simply exploit desperate people.
2) Restructure corporate pay structures.
The uproar over paid bonuses to corporations receiving bailouts was simply political theatre, and currently the us government has not power to control how corporations pay their employees or executives. And simply seizing that power in a fit of mob hysteria is the beginning of the end of america. But there should be reasonable and fair structures enforced to control the pay structure of corporations doing business in the us. My suggestion would be a percentage driven system, wherein the pay of top executives is capped at (let's say) 100% of the average company wage. If the average wage of a corporation employee (including long term temporary employees) is $40,000, then the top wage for executives (including bonuses and perks) would be $4million annually.
3) Limitations on corporate personhood.
The contitutional rights of free speech and especially political donations and activities should be rewritten. I would suggest we re-invent the 3/5 of a person category to define the rights of corporations in political activities. This would require a constitutional amendment, and cannot be passed by an imperial fiat as has been attempted previously. And the new restrictions would apply to non-profit corporations as well.
I think these are common sense proposals which would strengthen the american voter and balance the scales against growing corporate omnipotence.