Originally posted by TheRedneck
reply to post by TKDRL
And that again reinforces my belief that what we truly need are anti-trust laws enforced, to prevent these huge mega-corporations from existing and to
encourage competition, and less regulation otherwise to allow small businesses to start up and keep competition, innovation, and improvement alive and
Very much agreed.
Every economic textbook IN THE WORLD pretty clearly states that free markets are ONLY efficient to the degree that the level of competition between
firms is equal.
While "perfect competition" is universally as unattainable as utopia...the idea is that IF everyone is playing with pretty close to the same sets of
rules, resources, etc. the free market is the most efficient form of economic organization.
Thus, in 1776 when Adam Smith published "An Inquiry into the Nature and Causes of the Wealth of Nations"
the idea that Joe the Blacksmith
might have any sort of insurmountable edge upon Bob the Blacksmith was for the most part inconceivable. You need fire, coal, an anvil, a forge, and a
whole lot of know-how, skill, and hard work. If Bob's horseshoes last longer and tend to have a tighter fit...he thrives. This is just not the
world we live in anymore.
Along with breaking up trusts...how about RECLASSIFYING the various types of "Corporations" too?. As it stands today a guy running a Mom & Pop $20
million dollar per year pallet-making company who is a "C- Corp." has the EXACT same set of rules as Exxon-Mobile who's annual revenues are LARGER
than the GDP of [I]CANADA?[.I].
When companies get to be as big as Governments and start literally RAISING THEIR OWN MILITARIES (i.e. Blackwater, Xe, etc) we have to start coming up
with some sort of framework to manage them. Today oil companies only have Apache attack choppers and mercenaries...do we really want to wait until
they get a couple of aircraft carriers?
I seriously want to vomit when I hear these pundits talking about government regulation of "private" business in reference to these gigantic MNC
You know when private business ISN'T private? WHEN IT'S PUBLIC!!! In my opinion, when your little "private" business wants to take PUBLIC money
like your 401K and taxpayer funded government contracts, a new set of rules, standards, transparency, and harsher tax rates begin to apply.
The idea, of course, being to DISCOURAGE increased government spending the only way it's really possible....by making the ACCEPTANCE of government
funding such a miserable, bureaucratic, over-complicated NIGHTMARE that instead of companies BRIBING politicians for their attention they will
literally want to RUN AWAY from the graft.
Let's face it...we've been trying for 40 years to "simplify" government and it hasn't worked yet, right? Why not just let them do what they are
good it...but to do it in THE RIGHT WAY that FIGHTS corruption rather than panders to it?
It's not the best solution...but Christ we gotta do something. It might at least give the human beings a snowballs chance in hell against these