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Who's on Your Side -- Elizabeth Warren or Jamie Dimon?

By       Message Thom Hartmann     Permalink
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Reprinted from Smirking Chimp

From flickr.com/photos/13589279@N05/8352014648/: Elizabeth Warren
Elizabeth Warren
(Image by massmarrier)
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The history of the US includes the history of many people confronting corporate power and winning.

In fact, the whole reason the colonists started the United States was because individuals and small businesses wanted to fight back against the dominant corporation of the day, the British East India Company.

Here's a little history lesson you won't see on Fox so-called News...

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By the 1770s, the British East India Company, despite being the most powerful corporation in the world, was essentially bankrupt and faced fierce competition from small-business owners who were cutting into its tea trade with North America.

And so it lobbied the Parliament of Great Britain to pass the Tea Act of 1773.

This act gave the British East India Company total control over the North American tea trade, exempted it from having to pay taxes on exported tea, and gave it a refund on any tea it was unable to sell.

It was the largest corporate tax cut in the history of the world, and set up the East India Company to pull a Walmart and put all the small, local tea shops across the US out of business.

Not surprisingly, this really angered the colonists.

They were furious at seeing their business undercut to help out a big corporation, and so a group of them in Boston known as the Sons of Liberty decided to take action.

On the night of December 16, 1773, they stormed a group of ships docked in Boston Harbor and tossed chest upon chest of East India tea into the freezing winter water.

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The events of that night, now known as the Boston Tea Party, set off another chain of events that eventually led to the Declaration of Independence and the creation of our republic.

That's right, conservatives: The American Revolution started with an act of corporate vandalism by the good citizens of Boston!

The Boston Tea Party is just one example, though, of a much larger trend in US history.

And that trend is the trend of "We the People" taking action, both through movement politics and through our democratic government, against entrenched corporate power.

From the 1770s until, really, the Reagan era, Americans rose up every few decades or so to reclaim our democracy from the economic royalists who'd hijacked it.

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http://www.thomhartmann.com
Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

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