Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/3/84; site teddy.UUCP Path: utzoo!lsuc!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!vax135!cornell!uw-beaver!tektronix!hplabs!qantel!lll-crg!gymble!umcp-cs!seismo!harvard!talcott!panda!teddy!lkk From: lkk@teddy.UUCP Newsgroups: net.politics.theory Subject: Re: capitalism vs. democracy??? Message-ID: <1793@teddy.UUCP> Date: Tue, 10-Dec-85 12:59:00 EST Article-I.D.: teddy.1793 Posted: Tue Dec 10 12:59:00 1985 Date-Received: Wed, 18-Dec-85 20:05:13 EST References: <261@gargoyle.UUCP> <286@frog.UUCP> <267@gargoyle.UUCP> Reply-To: lkk@teddy.UUCP (Larry K. Kolodney) Organization: GenRad, Inc., Concord, Mass. Lines: 28 In article <267@gargoyle.UUCP> carnes@gargoyle.UUCP (Richard Carnes) writes: > >I don't think so. Large private corporations, which are basically >anti-democratic institutions, wield a lot of power in the US. To amplify what Richard said: It is instructive to note that even the 500th largest bank in the world (in Italy, I beleive) has more financial reserves than any countries except the Soviet Union and the United States. The gross sales of Exxon are larger than the GNP of most third world countries. With such economic significance, these corporations become quasi-nations unto themselves in the world of international finance. When approaches the Chairman of Chase Manhattan Bank for a loan, it is the banker who has the upper hand. Thus, David Rockefeller has the ability to drastically affect the fortunes of millions of people the world over. Was he elected by them? No. -- Sport Death, (USENET) ...{decvax | ihnp4!mit-eddie}!genrad!panda!lkk Larry Kolodney (INTERNET) lkk@mit-mc.arpa -------- Life is either a daring adventure, or nothing. - Helen Keller