We haven’t had capitalism in the West in a very long time. Part of the reason is that we’ve been derelict in monitoring the behavior of the government, and the government has been bought out by big business. The underlying problem there, however, is the fact that technology has enabled the centralization of production and distribution, making old fashioned capitalism impossible.
[...]
Those are the dynamics in play when the government is asked to force corporations to pay higher wages. There is no market involvement here at all. There are dynamics which are always going to lead to corruption. You have to have a market that is capable of allowing people to become actors in the economy, or you’re left at the mercy of corporations, begging the government to help you.
What we actually need is antitrust. These companies never should have been allowed to become this large, and now that they are this large, we need to break them up into many smaller companies, which will allow for competition to emerge.
>We haven’t had capitalism in the West in a very long time. Part of the reason is that we’ve been derelict in monitoring the behavior of the government, and the government has been bought out by big business. The underlying problem there, however, is the fact that technology has enabled the centralization of production and distribution, making old fashioned capitalism impossible.
[...]
>Those are the dynamics in play when the government is asked to force corporations to pay higher wages. There is no market involvement here at all. There are dynamics which are always going to lead to corruption. You have to have a market that is capable of allowing people to become actors in the economy, or you’re left at the mercy of corporations, begging the government to help you.
>What we actually need is antitrust. These companies never should have been allowed to become this large, and now that they are this large, we need to break them up into many smaller companies, which will allow for competition to emerge.
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