Jul 09 2008

“Unaccountable Corporations”, or “Unaccountable Government”?

Category: capitalism,corporations,corruption,economyharmonicminer @ 12:00 pm

It’s popular on the Left to bash corporations, and, by extension, capitalism, for just about every evil under the sun. When you dig a little deeper into most corporate abuses (the really big ones, that is), you tend to find that the real problem was government, which is the only way corporations can get enough power to do really bad things. Regulations, set-asides, sweetheart deals, mandated monopolies (it isn’t a monopoly if the government gives it to you), etc., are only possible when government sticks out its hand to corporations and says, “If you pay me now, I’ll pay you later.” True capitalism, which does NOT include giveaways by government to large corporations (or anyone else) would not include things like this.

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