ABOUT THIS ESSAY: I wrote this in 1990, shortly after being laid off from a company known as Colonial Realty Co, which defrauded their shareholders of hundreds of millions of dollars. Arthur Andersen was their accounting firm, and when the ENRON financial scandal hit, it appeared to be the testing grounds for their accounting shenanigans. No way to tell.
But the focus of the essay was less about frauds against private shareholders, and more about the frauds perpetrated [and perpetuated] against the citizenry as a whole.
The myths of Capitalism, as practiced and propagandized in the United States, include that anybody can become rich ~ even super-rich. The reality is quite different. Another part of the myth is that resources managed by capitalists rightfully belong to individuals running the corporations that they hide behind.
In truth, those running corporations are only managers of natural resources [be they mineral ores, farm crops, real estate, labor - even the written word, music and ...ideas] and are not the actual owners. It is humankind that own these resources. The international managerial caste continues to successfully scams - or oppresses - the rest of us so their personal plunders go [largely] unquestioned. Eventually, this standard shall change. Humanity can ill afford to indulge this caste its excesses any more.
And that is where another premise, the rule of law, comes into place. This essay, and its format, was modeled after the way legislative proposals are brought before governing bodies, upon which they might be enacted. Mind you, I suffer no illusion that our current band of thieves in Congress would even consider such a law, much less enact it. For they, too, are culpable for the end effects of economic destabilization such as we witness today, not only in the USA, but around the world.
Having said all this, here is the text as shown in the illustrated essay:
TITLE: AN ACT CONCERNING THE BREACH OF PUBLIC TRUST BY MANAGERS OF MONEY AND RESOURCES WHO HAVE TAKEN, USED AND SPENT SO AS TO PERSONALLY PROFIT FROM THE RESOURCES OF SHARE-OWNERS AND CITIZENS
TEXT: The premise is simple. When certain individuals conduct themselves in a such a way as to jeopardize the economic and social well-being of the community and have done so while personally benefiting simultaneously to the detriment of those who entrusted them with proper management of certain resources, they have then "...endangered the life of the polity..." and, as a result, may have committed Economic Treason.
• Include that they be held accountable for their actions, and that they be required to pay society for the effects of those actions accordingly.
• When decision-makers, representatives of the polity, if you will, engage to assist those who violate the sacred trust, they too, must be held accountable. But here we must also address what the legal definitions of involvement may be.
• There are precedents in history, however unsavory, for the punishment of such crimes were to be meted out against the transgressors.
• We don't have to follow these methods if the don't seem fit. Perhaps the penalty of death is not sufficient deterrent. For some, forced remediation and reimbursement for their crime for the rest of their life would be a far more brutal punishment, but fitting.
• Even, possibly, letting the perpetrators apparently go free, but be barred from any professional titles, licenses or certifications or authority; maintaining a very public address without interventions or protections. Let forces take their course. They shall have to deal with their enemies unprotected.
CONDITIONS: THE TERMS AND CONDITIONS SET FORTH IN THE LAWS AS RELATED TO CRIMES OF ECONOMIC TREASON SHALL BE RETROACTIVE UNTIL THE YEAR 1980; SHALL BECOME EFFECTIVE IMMEDIATELY; AND SHALL NOT BE SUBJECT TO ANY KIND OF STATUTES OF LIMITATIONS.
TEXT: The premise is simple. When certain individuals conduct themselves in a such a way as to jeopardize the economic and social well-being of the community and have done so while personally benefiting simultaneously to the detriment of those who entrusted them with proper management of certain resources, they have then "...endangered the life of the polity..." and, as a result, may have committed Economic Treason.
• Include that they be held accountable for their actions, and that they be required to pay society for the effects of those actions accordingly.
• When decision-makers, representatives of the polity, if you will, engage to assist those who violate the sacred trust, they too, must be held accountable. But here we must also address what the legal definitions of involvement may be.
• There are precedents in history, however unsavory, for the punishment of such crimes were to be meted out against the transgressors.
• We don't have to follow these methods if the don't seem fit. Perhaps the penalty of death is not sufficient deterrent. For some, forced remediation and reimbursement for their crime for the rest of their life would be a far more brutal punishment, but fitting.
• Even, possibly, letting the perpetrators apparently go free, but be barred from any professional titles, licenses or certifications or authority; maintaining a very public address without interventions or protections. Let forces take their course. They shall have to deal with their enemies unprotected.
CONDITIONS: THE TERMS AND CONDITIONS SET FORTH IN THE LAWS AS RELATED TO CRIMES OF ECONOMIC TREASON SHALL BE RETROACTIVE UNTIL THE YEAR 1980; SHALL BECOME EFFECTIVE IMMEDIATELY; AND SHALL NOT BE SUBJECT TO ANY KIND OF STATUTES OF LIMITATIONS.
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