posted on Feb, 15 2011 @ 07:17 PM
The video, tragically, perpetuates the gross misunderstanding of what capitalism actually is. It is not enough to expect to be let off the hook by
qualifying this corporatism as a "different kind of capitalism" because corporatism is, quite simply, not capitalism.
There are three basic tenets to capitalism.
1.) A free and unregulated market place
2.) Massive competition
3.) A stable currency backed by wealth where all can agree upon its value.
Not a single tenet is in play in today's "free and open market". It is yet another tragedy that so many foolishly refer to the economic system in
play today as a "free and open market". When some bureaucrat comes knocking on the business door of a sole proprietor who is a shoe maker and
demands to see the license that "allows" this sole proprietor to make shoes, it is patently absurd to call this a "free and open market".
Of course, a sole proprietor is not a corporation. A sole proprietorship is neither legal, nor is it illegal, it is quite simply a business owned by
one person, where full responsibility for that business is accepted by the business owner. A corporation, on the other hand, is a legal artifice
created specifically to avoid any responsibility for the business itself.
When these legal artifices are created and their primary purpose of existing as a corporation is to avoid liability, or at the very least, only accept
limited liability for the actions of the business itself, it makes sense then that there would become a need for regulation of that business.
This is a cycle not at all mentioned or acknowledged by this very brief episode featured by the O.P., and that is the cycle of application for a
corporate charter in order to obtain limited liability, and once this charter is granted then the process of lobbying legislatures for personhood
begins so that corporations may enjoy an equality under the law, even though their very nature creates an inequality, necessarily separating
themselves from the sole proprietor who accepts full responsibility. Once this "personhood" is granted, and after the regulatory agencies are
created to regulate the artificial person with limited liability, it is only a matter of time when that artificial person demands that the real person
become regulated as well...after all, it is only fair and due process of law, that an artificial person be given the same equality under the law that
a real person technically enjoys.
Thus, the corporation that screams for regulation demands that all business is regulated, and stupidly, we the people not only acquiesce to this
nonsense, we nod our heads with an affectation of wisdom and call this capitalism and free and open markets. It is, as it always has been and always
will be, our fault. As long as we are willing to play fast and loose with words, and accept that words evolve in meaning depending upon our apathy
towards them, then we most assuredly get the government, and the economy we deserve.
The fact of the matter is that because a corporation exists by grant of charter, this means that what has been granted can be revoked. Indeed, states
attorney generals revoke corporate charters regularly, they just don't revoke the corporate charters that do the most damage and instead revoke those
corporate charters of small to mid-size businesses, that arguably never had any business incorporating to begin with...which leads yet to another
aspect of the problem...
The priest class lawyer set who've bamboozled the public into believing incorporating is a sound business decision. These mystics we call lawyers
are, in fact, as officers of the court, not at all representing you, but are representing big government and when they advise you to incorporate what
they are in effect telling you is that it is better to ask the state permission to to business than it is to simply do business by right.
We most assuredly get what we deserve.