Anti-corporation commentary misses target

September 01, 2010

In his Commentary published Aug. 27, Charlie Cooper has a few - very few - valid points, but most do not support the headline title: "Rein in the corporations."

The most glaring is his assertion that " Emerging from the economic doldrums will require major investment in schools, water systems, transportation, communications and energy infrastructure to rebuild the foundations of prosperity. " And that "Corporate power thwarts nearly every aspect of these reforms and is a more important factor in our woes than those discussed ad nauseam by media pundits and Republican and Democratic partisans."

No, not corporate power. No. The problem, as one in economics would cite the simplistic theorem, is that nothing happens in the corporate and business world until a sale is made. And that relies on the public, which requires jobs, jobs, jobs. When the public has enough money and confidence in the future, then the sale(s) will follow and the economy will emerge from the economic doldrums. And the public has to learn and understand the lessons from the 1930's, that it takes time, and that even the CCC, the WPA and the NRA couldn't do it.

Granted, many, many executive incomes are so completely out-of-whack as to be obscene, but that doesn't justify the broad shotgun pattern that Mr. Cooper calls for to rein in the corporations. Despite the many sensible criticisms to corporations, would you want General Electric. 3M Corporation and Procter & Gamble to be cut, so--to-speak, down to size? Probably not.

Richard Allchin, Cockeysville

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