georgephillip
Diamond Member
- Thread starter
- #21
Corporations don't seem particularly committed to democracy.In a free market, competition for employees would force companies like that out of business.
The problem isn't free markets. The problem is coroporations manipulating governments to pass regulations to stifle competition.
They come from the same philosophical place as fascism and Bolshevism, and a hundred years ago progressives in the US were among their strongest champions:
"They (US Progressives) said, individual rights are gone. We are in a period of corporatization of power, consolidation of power, centralization.
"That's supposed to be good if you're a progressive, like a Marxist-Leninist. Out of that same background came three major things: fascism, Bolshevism, and corporate tyranny.
"They all grew out of the same more or less Hegelian roots.
"It's fairly recent.
"We think of corporations as immutable, but they were designed. It was a conscious design which worked as Adam Smith said: the principal architects of policy consolidate state power and use it for their interests."
Education is Ignorance, by Noam Chomsky (Excerpted from Class Warfare)
When Smith used the term "free market" he was referring to a market free of undue rentier influence.
Today we would say a market free of undue FIRE sector wealth influence.
Which is hard to find.
FIRE folks want a market free of all regulations except those that stifle competition.
And Republicans AND Democrats trip over themselves providing those regulations.