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Read up on Lawrence Lessig for an unpopular(sadly) view and many pervasive instances of corporate socialism and legitimized corruption, aka: lobbying. Mega corp
by tunap 9y ago
Read up on Lawrence Lessig for an unpopular(sadly) view and many pervasive instances of corporate socialism and legitimized corruption, aka: lobbying. Mega corporates bleeding red until the competition can no longer afford to compete, closes shop and we are left with oligops in most categories. Sometimes it seems like we have nothing but moats all the way down.
- mac01021 9y ago> Read up on Lawrence Lessig for an unpopular(sadly) view and many pervasive instances of corporate socialism and legitimized corruption, aka: lobbying. I read his book about lobbying and campaign finance. I don't recall that it did much to point out specific cases where a person or corporation lobbied for the government to create anticompetitive conditions. It might have been a more persuasive book if it had. > Mega corporates bleeding red until the competition can no longer afford to compete, closes shop and we are left with oligops in most categories. This is indeed a thing that happens a lot. But it does not mean the government has been used as a tool to suppress competition.
- tunap 9y agoI don't recall the title ATM, but he laid out a pretty thorough description on how ADM & Monsanto have gamed the system. So when people talk about farmers+subsidies is good to know a large % goes to those two companies. If memory serves was in excess of 80 or 90%. Quick search resukts didn't jump out at me.