A big theme in my upcoming book, The Uprising [1] (due out this coming Tuesday), is our culture's inability to see anything other than elections - and specifically federal elections - as a major instrument of social change or democracy. This myopic view expresses itself in all different ways - the media coverage of presidential campaigns, the blogosphere's narrow focus on Democratic Party prospects in election cycles, to name just two. But as I write in my newspaper column this week [2], there are many other arenas of democratic expression - some far more important for social change than any election.
In the next week,there is a huge example of what I'm talking about: ExxonMobil's annual shareholder meeting [3]. In reporting my book, I sneaked into this meeting last year with a group of shareholder activists who are using shareholder democracy as a means of pressuring and jaw-boning the largest and most powerful energy company on the planet. Their efforts, and the efforts of other shareholder activists pressuring other companies, could be as important - and maybe more important - than any given congressional or presidential election.
Like last year, shareholder activists are promoting shareholder resolutions to force management to invest more of the company's record-breaking profits into alternative and renewable energy. When you understand that Friends of the Earth [4] estimates that ExxonMobil's operations and products are responsible for 5 percent of all human-generated carbon emissions since the late 1800s, you understand that if these activists even minimally change ExxonMobil, they will make a planet-wide impact.
Shareholder activism is a very intricate and esoteric corner of the populist uprising I describe in my book. This column summarizes how it works and why it is so important. But make no mistake about it - shareholder activism is but one example of powerful direct action that we tend to forget about in our obsession with elections, campaign gossip, and glam politics. As a progressive movement, we forget these instruments of influence at our peril. The more we ignore these tools, the more power we allow to lay idle - and the less effective our movement will be.
You can read the whole column at the San Francisco Chronicle [2], Denver Post [5], Ft. Collins Coloradoan [6], In These Times [7], TruthDig [8], Credo Action [9], or Creators [10]. If you like this column, I hope you consider picking up a copy of The Uprising [1].
Links:
[1] http://www.amazon.com/dp/0307395634?tag=sirotablog-20&camp=0&creative=0&linkCode=as1&creativeASIN=0307395634&adid=1BYG4T2ZJJAZXD5JM0YF&
[2] http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/22/EDA210R5T1.DTL
[3] http://charlotte.bizjournals.com/sacramento/stories/2008/05/19/daily39.html
[4] http://www.foe.org/new/releases/104exmob.html
[5] http://www.denverpost.com/opinion/ci_9350733
[6] http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20080523/COLUMNISTS91/805230311/1014/CUSTOMERSERVICE02
[7] http://www.inthesetimes.com/article/3712/a_different_kind_of_democracy/
[8] http://www.truthdig.com/report/item/20080523_a_different_kind_of_democracy/
[9] http://action.credomobile.com/commentary/2008/05/a_different_kind_of_democracy.html
[10] http://www.creators.com/opinion/david-sirota/a-different-kind-of-democracy.html