Quote:
Originally Posted by BlueStreak
Exactly. All one needs to do is look at the behavior of the "Big Three" automakers, before the floodgates were opened to foreign competition. (A governmental action, BTW.)
Like so many other things, taken to extremes free market capitalism becomes it's own worst enemy. The strong crush the weak and the field narrows as wealth and power is concentrated.
The government becomes corrupt when the corrupt businessman has the means to buy favors.
Is that really so hard to figure out?
Dave
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If you didn't have big government ($$$), you wouldn't have Monsanto getting this treatment. Also, we do have antitrust laws that the government does not enforce. In fact, government does the opposite & picks favorites who will fill their war chests.
"One view, mostly closely associated with the "Chicago School of economics" suggests that antitrust laws should focus solely on the benefits to consumers and overall efficiency, while a broad range of legal and economic theory sees the role of antitrust laws as also controlling economic power in the public interest."