Organizing to Take the Power Back

What Is Capitalocracy

Capitalocracy is a term which hopefully will catch on, which accurately describes what our supposedly democratic republic has become.

The corporation functions in a similar manner to a democracy. Decisions are made and representatives are named by vote. The difference is that instead of each member of the organization receiving a single vote, each share in the corporation represents a vote.

This is fine in business. It makes perfect sense. A person owning 2% of a business has 2% of the decision-making power. The problem is that as a system of government, this would be a perversion of democracy.

Corporations, whose decisions are made in a democracy of capital, in which votes are bought and sold, are an important source of funding for our election system. Donations for the two major parties come largely from corporations and the wealthy, who are also the owners of communication media and control the think tanks and political action committees which lobby, advertise, theorize, and attempt, rather successfully, to frame and shape the public dialogue.

And while, in the end, the voters do make the final decision, assuming that our election system is trustworthy, no mainstream candidate is presented to them without first and foremost winning the support or at least approval of enough monetary power, mainly derived from the major holders of capital. And the decisions of who receives corporate donations and what issues and political organizations receive corporate funding for their promotion are made by representatives chosen in this system of corporate democracy, where votes are bought and sold. It’s kind of like a run-off election, but instead of voting once among a full list of candidates in the first round, and then voting for the top two candidates in the second round, the first round is decided for us by the holders of capital. As shareholders and, thus, partial decision-makers for corporations, the people choosing our candidates don’t even have to be U.S. citizens.

The decisions made in government are made taking two things in mind, the voters and the capital which funds campaigns and shapes the public dialogue. The part the voter plays in the process is shrinking, as many people are giving in, without even knowing it, to the ideas the money power is working hard to distribute. It’s a problem which will get worse and worse as the generations pass, as people will take the talking points written by a corporate-funded PAC to justify the rich getting richer as the wisdom of their fathers passed down to them.

Every citizen has a right to submit legislation to Congress for consideration, except the president. Why is it, then, that so many of our laws today are written by lobbyists and corporations? At best, the legislators are not doing their jobs. We have industries writing their own regulations, then complaining that they are regulated too much, and that they can regulate themselves without legislation.

Democracy is government of the people, by the people, and for the people, with each person having equal representation, one man, one vote. This is clearly not how things work in the U.S. The money power gets first pick of the candidates in every election, and presents their top choices to the people. Their voice is the loudest in the public dialogue. And they write many of the laws we live under.

This is a government of capital, by capital, and for capital. This is a capitalocracy.

We’re looking for creative ways to take the power back.


5 Responses to “What Is Capitalocracy”

  1. US Citizen said

    Dear, what you have described is not capitalocracy, but CORPORATISM. Those big corporations that are controling the world don’t give a darn about capitalism. Capitalism belongs to the masses–to the mom and pop stores, local businesses. Large corporations would like to get rid of those people. They were successful in getting the courts to believe they are “persons” under the 14th amendment–go change that rather than take capitalism away from the masses.

    Stop being such a communist and be honest. Capitalism is not the problem–it’s the large corporations and the banks who are the problem. Capitalism belongs to the people. What you propose is simply another way to control and disenfranchise people en mass.

  2. Alex said

    US Citizen, no, I’m not against capitalism, or I would have said what I’m talking about is capitalism and capitalism is bad. As a matter of fact, I think the terms capitalism and communism and socialism have been distorted to the point of no longer having any meaning. Corporatism is actually a term people are using for pretty much the same thing I’m calling capitalocracy… but I’m arguing that what you’re referring to as corporatism has become so pervasive that we have a new form of government, rather than a democracy, a capitalocracy. Not referring to capitalism, but to the holders and controllers of capital, ie, the wealthiest people, mostly CEOs of course, and the big corporations.

    And I agree they shouldn’t have the same rights as people.

  3. […] […]

  4. […] Korea (also known as North Korea) is a democracy or a people’s republic. Rather we live in a “capitalocracy” and that is a scary […]

  5. I use the same term. Most of us live in capitalocracies where money talks louder than people do. Democracy is a sham.

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