Cenk Uygur, host of The Young Turks, the largest online news show in the world , supports OccupyWallStreet and sees similarities between it and the Tea Party.

He proposes an amendment to the US constitution banning corporate political donations.

This is a possible 28th Amendment, according to Cenk’s Wolf PAC:

“Corporations are not people. They have none of the Constitutional rights of human beings. Corporations are not allowed to give money to any politician, directly or indirectly. No politician can raise over $100 from any person or entity. All elections must be publicly financed.”

We can give three cheers for that. Corporations are not people. At last,  an adult moment.

Meanwhile CEO Patrick Byrne, the most influential minarchist libertarian figure in the “reform Wall Street” crowd has got on board with this suggestion, as well as with the suggestion to reintroduce Glass-Steagall, with which I concur, although there are several research papers that point to its irrelevance.

Uygur and Byrne also want to put limits on leverage, and, most controversially, bring the SEC into the DOJ – a move bound to elicit yelps from Wall Street.

That last I think would be quite dangerous.  The rest is at least worth discussing.

Byrne also makes the good point that it’s not so much “more regulation versus less,” but institutional redesign. I’ve suggested this myself, pointing out that the language we use for these things traps us in certain futile ways of thinking. A change in language helps new thinking.

This is the first time, I’ll admit, that I’ve heard something I liked out of OccupyWallStreet.

(Links to follow)