Posted at Hartmann Report on Jun. 20, 2023
Is It Time for Big-Business to Sit Down & Shut Up?
Or, as was common in the 19th century, should they be dissolved by the state and have their assets sold to other corporations that will behave in a way that is not toxic to democracy or the community?
Back in 2022, I suggested that our federal government should spend about one-third of the cost of the Trump Tax Cuts to buy the three largest oil companies in this country. They could then be run for the public interest, prevented from continuing to fund climate change denial, and end their support of toxic Republican politicians.
So far, no members of Congress or the administration have picked up on my suggestion, but the people in Maine have a similar idea and they’re moving forward with it.
Ninety-seven percent of the electric power in Maine is provided by two for-profit corporations, Versant and Central Maine Power (CMP).