Thanks to a series of anti-consumer, anti-democratic Circuit and Supreme Court decisions, corporations have achieved nearly untouchable status in the US. There's almost nothing legal you can do to resist or halt their policies, which are based solely on fattening the bottom line and increasing shareholder value. And that's exactly what they should be doing, since bumping the stock price is the only obligation a US for-profit publicly held corporation has under US law.
However, just about everything that's good for Wall Street seems to be bad for humans and most other species. Corporations, and the gigantic sums of money they wield to buy political power, are the generals in the sustained war fought by international capital against local, regional and global ecosystems; the non-investor classes; worldwide labor; and progressive political movements everywhere. They must be reined in.
And US Constitutional law is no help. The Constitution only defines the peoples' relationship to government. It says nothing about our relationship to non-governmental undemocratic institutions (except for the prohibition against a state religion). All current restraints on corporate behavior are the results of case law, regulatory oversight and pro-environmental legislation like the Endangered Species Act.
So, given that the odds are stacked heavily against democracy and in favor of the corporate oligarchy, one of the better ways to wage war against corporate power is the so-called "corporate death penalty." In brief, it means identifying a pattern of corporate malfeasance and initiating proceedings to revoke their charters to conduct business.
Here's a
good primer on the history, issues and processes involved in charter revocation. And here's an
article citing cases in which such efforts have been successful.
More background
here,
here and
here.
Also, we had a DUer named David Van Os running for Texas attorney general a couple of years ago who was interested in using the corporate death penalty. Here's a
thread on the subject. And here's his
web site. Anybody know what happened with David and his campaign? I see he's still listed as a DU member, but I don't know if he's still participating.
wp