4 ms·
The bulk of this article is a critique of corporate power. In particular, Barry Lynn argues that bipartisan deregulation of monopoly controls have permitted a
by clarkevans 9y ago
The bulk of this article is a critique of corporate power. In particular, Barry Lynn argues that bipartisan deregulation of monopoly controls have permitted a concentration of corporate power:
How did we drift so far from the founding generation’s deep fear of massive corporations? In the 1970s and 1980s, an alliance of economic and legal scholars from the right and left of the parties — including Robert Bork and John Kenneth Galbraith — combined to overthrow America’s two-century-old antimonopoly system. ... It’s a dangerous misperception that will continue to imperil democracy as long as the power of corporations continues to grow unchecked.
- foota 9y agoI realize you're quoting here, but two century old? Wasn't the start of US antitrust law at the beginning of the 20th century?
- dgacmu 9y agoA tad bit earlier - the Sherman Antitrust Act was 1890. https://en.m.wikipedia.org/wiki/Sherman_Antitrust_Act https://en.m.wikipedia.org/wiki/Sherman_Antitrust_Act
- clarkevans 9y agoThe founding of the United States can be seen as a rebellion against British crony capitalism. http://www.history.com/topics/american-revolution/tea-act http://www.history.com/topics/american-revolution/tea-act https://core.ac.uk/display/76558315 https://core.ac.uk/display/76558315 # Monopolies and the Constitution: A History of Crony Capitalism