Just in case you should run into anyone still pushing the notion of an "ownership society", here's a reminder that Republicans only mean that only the big boys should actually "own", and the riff-raff should just go along, no matter owning stock is supposed to make you an "owner":
Skimble parses a WSJ report:
One of the basic tenets of capitalism is that owners get to decide things, like who manages their property. Now with far more than half of all Americans invested in the stock market through 401(k) plans and IRAs and direct investments, the SEC wants to cut their rights of ownership off at the knees (WSJ):A high-stakes battle over shareholder rights, dubbed "proxy access," has become a proxy for something else: the performance of Christopher Cox, chairman of the Securities and Exchange Commission.
In a party-line vote, the SEC said companies can reject shareholder efforts to put their own director nominees on corporate ballots.* The move set off a storm of criticism from shareholder activists and Democrats, who responded with their sharpest rebukes yet for Mr. Cox.*In other words, you can own part of a company but have no say in how it's run.
I've said it before and I'll say it again — the GOP is no longer the party of business. If you want a strong economy, vote Democratic. Otherwise, ur ownership society -- pwned!------------------
Full Skimble here:
http://skimble.blogspot.com/2007/11/ownership-society-pwned.htmlOriginal Wall Street Journal article here:
http://online.wsj.com/article/SB119626880655106640.htmlCan't let shareholders think they actually run things, eh?