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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: axial who wrote (108747)2/23/2010 7:25:24 AM
From: John Metcalf1 Recommendation  Read Replies (1) of 116555
 
<Who'll be in charge of quashing? Government or private sector on contract?>

We agree on the problem, and are searching for solutions. In regard to government, we have votes. In regard to corporations, we have, or can have voting shares. In corporations, any shareholder, even with a single share, can introduce a resolution for the annual meeting, which will be distributed to all the shareholders. It pains me that this right is regarded with such derision because it is the One legal right shareholders have.

There is also the matter of government regulation for corporations and public contracts. I believe that we have many laws that would protect against the abuses we have seen, but they are not effective unless they are enforced. There has not been an effective administration (viz., un-bribed) to impartially enforce the law in many years. The SEC has been particularly derelict, to great loss.

So what can we do? VOTE. Threaten elected officials OFTEN and ask your friends to do it too. Call them to demand change on regulatory matters. There are 300,000,000 of us, and only 535 members of Congress. If "we" decide to "quash" them, we have a numerical advantage of 600,000 to 1!
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