Posts tagged ‘Powell Memo’

We’re a Country Needing Heroes

by , posted on Monday, May 21st, 2012 at 7:49 pm

We’re a country needing some heroes. And we really need them here in Illinois where for decades politicians have joined with the rest of our country’s politicians in selling out the middle class, starving the funding for our public schools and communities, and protecting large corporations and the One Percent.

For forty years, at the state and federal level, politicians have worked for big business interests attacking our labor unions, pension plans, small farms and businesses. Big business interests lobbied politicians, sometimes people in them became politicians or formed “Think Tanks” to lobby politicians. They ended regulations (Glass-Steagall) and opened up the banking system to gambling. They’ve gambled 401 Ks and mortgages. They lobbied for corporations to become monopolies. They lobbied for tax breaks, loopholes, and subsidies.

This has been a systematic, well thought out plan carried out by large moneyed interests and big business. A corporate lawyer named Lewis F. Powell in 1971 first outlined the plan on paper. Powell wrote a long memo to Eugene Sydnor, Jr. the then Director of the U.S. Chamber of Commerce. Called the Powell Memo, it outlined the plan for advancing corporate influence by deregulating corporations, building an array of institutions to push for unbridled corporate capitalism, and to diminish individual’s interests. It targeted unions and schools.

(more…)

Share