Saturday, September 3, 2011
Corporations Have No Place in a Free Market System
Congressman Ron Paul (R-Tex) has had a good deal to say recently about corporations and corporatism. He detailed his views most recently on an Alex Jones radio program and the points he made, especially about the lack of corporate accountability, are important ones.
We've run several articles on the evolution of corporations here at the DB, though not specifically from a mining angle. The trouble is when writing about the evils of corporations, it's easy to end up sounding like a 1960s hippy railing about the establishment.
But corporations as a manifestation of power elite societal control, are an undeniable resource, a powerful instrument. They are surely NOT a manifestation of the free market, for they have been developed judicially and would not exist within a true free market.
What would exist in such a free market? Ownership, pure and simple. Ownership by individuals, partners or groups. But in every case, the responsibility for corporate malfeasance would reside SOMEWHERE. Someone would be in charge. Presumably the one making the decisions.
Contrast this to our current disease of corporatism where those who make the decisions and benefit from them are able to hide behind the corporate veil, often obscured from the results of their decisions and the ramifications.
Anthony Wile, Daily Bell
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But corporations as a manifestation of power elite societal control, are an undeniable resource, a powerful instrument. They are surely NOT a manifestation of the free market, for they have been developed judicially and would not exist within a true free market.
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