We have been here before—with the tales of Enron, Volkswagen , ExxonMobil , BP and several other such corporations that made considered choices to pursue private profits at the expense of public risks and losses. They all have recurring themes that revolved around the DNA of “ Corporation 1920.” We must address these recurring corporate traits through appropriate legislation while improving citizen education in order to tackle the demand and supply sides of our Corporation 1920 challenge. To build an inclusive green economy of permanence, one that works for everyone, we need Corporation 2020 . Its time is now.
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We can look back and identify any number of individual decisions taken and not taken that made this hurricane such a social disaster. But the larger picture is more than the sum of its parts. It is not a radical conclusion that the dimensions of the Katrina disaster owe in large part not just to the actions of this or that local or federal administration but the operation of a capitalist market more broadly, especially in its neo-liberal garb. The refusal to tackle global warming is rooted in the global power of the petroleum and energy corporations which fear for their profits and which, not coincidentally, represent the social class roots of the Bush administration’s power; the New Orleans population were vulnerable not because of geography but because of long term class and race abandonment – poverty – exacerbated by the dismantling of social welfare by Democratic and Republican administrations alike; the incompetence of FEMA preparations expressed cocooned ruling class comradery, cronyism and privilege rather than any concern for the poor and working class; and the reconstruction looks set to capitalize on these inequalities and deepen them further. Not at any point in the next few decades will African Americans again account for two-thirds of New Orleans’ population.