On Septpember 29, 2012, Neela Banerjee and Don Lee write in the Los Angeles Times that President Obama issued a rare presidential order instructing Ralls Corp. to divest itself of four Oregon wind farm projects next to a military base, citing a national security threat.
The decision comes against the backdrop of a presidential race in which Obama and Republican opponent Mitt Romney have traded jabs over who would be more effective in answering the challenges the ascendant Chinese economy poses. The U.S. and China filed international trade complaints against each other this month, boosting tensions over economic issues.
The presidential order, the first of its kind since 1990, instructs Ralls Corp., whose owners are Chinese, to divest itself of four wind farm projects on Oregon land that it acquired this year. Ralls is affiliated with the Sany Group, a Chinese maker of wind turbines.
This is another example of an OPPORTUNITY TO CREATE NEW CAPITALIST OWNERS, and yet NO ONE is addressing the issue of WHO WILL OWN the the future of wind farms.
Here we have an OPPORTUNITY, with a taxpayer-supported loan guarantee, to create NEW OWNERS among the actual users of the energy to be produced.
WAKE UP PEOPLE. If this is a profitable venture for the Chinese, then it is a profitable venture for Americans, and should be vested with the rate payers of the energy to be produced.
If there was a consciousness in America today that addresses the issue of CONCENTRATED OWNERSHIP, perhaps the Obama administration would explore other financial mechanisms to empower the capital-less and under-capitalized Americans. Their acquisition would be paid from out of the millions of dollars of income generated by the investment, and once paid for, generate a viable capital estate source of income for those Americans.
Today we accept as normal public ownership of gigantic capital instruments like mass rail, subways, government office buildings, universities, water systems, and power systems. These government-owned enterprises and services could be transformed into competitive private sector companies managed by Private Facilities Corporations with the use of the asset or facility leased to the normal using body. The wages of the Private Facilities Corporation(s) are passed through to the leasing body. This would allow us to build the ownership of what is now public capital into individuals and reduce the cost of government, including public pension systems. Thus, when you build the ownership into the employees of the Private Facilities Corporation(s), who now have a vested interest in its quality of operation and maintenance, the contracted lease rental fee committed by the government entity will give the employee stockholders a reasonable return and lesson or replace the need for supplemental redistribution programs.
Consumer Stock Ownership Plan financing can simultaneously build the ownership into the consumers of monopolies such as telecommunications, water and power companies, mass-transit, and even cable and satellite television, who are the source of all their funding, and dividends paid out to the consumer owners would become an offset to their utility bills.
See The Citizens Land Bank: A Just Third Way For Financing Urban Development at http://foreconomicjustice.org/4535/the-citizens-land-bank-a-just-third-way-for-financing-urban-development/
http://www.latimes.com/news/custom/la-na-china-wind-farms-20120929,0,5616624.story
