Break up largest banks so that none is too big to fail
Break up our nation's largest banks and financial institutions so that none is "too big to fail." End taxpayer- funded bailouts for banks, insurers and other financial companies. Re-enact the Glass-Steagall Act,
which prohibited bank holding companies from owning other financial companies and engaging in risky economic transactions. Oppose the federal government being the final guarantor of speculative investments.
Greens believe the legal structure of the corporation is obsolete. At present, corporations are designed solely to generate profit. This legal imperative--profit above all else--is damaging our country and our planet in countless ways.
We must change the legal design of corporations so that they generate profits, but not at the expense of the environment, human rights, public health, workers, or the communities in which the corporation operates.
We propose the following amendment to the Constitution of the United States:
The rights established by this Constitution and the laws of the United States of America are exclusively the rights of living, breathing humans, citizens of this
country or residing therein. No corporation or other type of association or organization can have the status of a "legal person" and thus cannot derive rights from such status.
Source: Green Party Platform at 2020 Green National Convention
, Jul 9, 2020
Focus on declining deficits only benefits the wealthy
People are seeing their incomes and wealth shrink, unless they are among the wealthiest Americans. Median household income continues to decline. Income is 8.3% lower than it was in 2007. And, for the poorest Americans, the rise in poverty is the most
dramatic indicator. This is the first time the poverty rate has remained at or above 15% three years in a row since 1965.
If President Obama had provided Americans with a truthful perspective on workers it would have meant a completely different
approach to the economy. The president could have put forward a vision of a full employment economy and ending poverty. Instead he focused on declining deficits, a mistaken goal he put forward in his first State of the Union. He set the wrong goals then,
and continues to pursue them. The result is an economy that is a disaster for most Americans, despite the president's attempt to create a false image of success.
Citizenship means standing up to corporate-dominated system
When Obama said, "It is you, our citizens, who make the state of our union strong," it was hard to disagree. But by "citizens" he unfortunately means "consumers." Without the activism and courage of everyday truth-tellers and people willing to stand up
to the corporate-dominated system through nonviolent means--certainly not what he meant by citizens--our union would be more broken than it is today. No, it is not our uniformed men and women who make us more secure (as he maintained)--it's people
willing to refuse orders; people who take responsibility for their actions who make us more secure.
Let us not reduce ourselves to the lie that we are consumers destined to combat an eternal, external enemy who is lurking behind the corner.
This kind of outright manipulation of corporate and political elites who have everything to gain from a disunited, fearful citizenry must be seen for what it is: a direct insult to our human potential and dignity that we will no longer tolerate.
Measure human & ecological needs alongside private profits
We call for an economic system that is based on a combination of private businesses, decentralized democratic cooperatives, publicly owned enterprises, and alternative economic structures. Collectively, this system puts human and ecological needs
alongside profits to measure success, and maintains accountability to communities.
Community-based economics constitutes an alternative to both corporate capitalism and state socialism. It values diversity and decentralization.
Job banks and other innovative training and employment programs which bring together the private and public sectors must become federal, state and local priorities.
People who are unable to find decent work in the private sector should have options through publicly funded opportunities. Workforce development programs must aim at moving people out of poverty.
Restrict flow of capital; tax currency transactions
[Congress should] prohibit U.S. corporations from avoiding or evading payment of their taxes by banking abroad or locating their charters offshore. Every day over $1 trillion dollars circles the globe in currency trade--wreaking havoc on low-economy
nations--without obligation to sustainable investment. We seek to restrict the unfettered flow of capital and currency trade, and levy the Tobin tax of .05% on cross border currency transactions.
Source: Green Party Platform adopted at 2004 National Convention
, Jun 30, 2004
Centralization of wealth and power contributes to militarization, and social & economic injustice. Therefore, we support a restructuring of social, political and economic institutions away from a system that
is controlled by and mostly benefits the powerful few, to a democratic, less bureaucratic system. Decision-making should, as much as possible, remain at the individual and local level, while assuring that civil rights are protected for all citizens.
Source: Ten Key Values as ratified at 2003 Green Party Convention
, Nov 19, 2003
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