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FYI Bastiat wrote before Marx (Bastiat most likely is among the ones Marx talked about when he said "bourgeois economists have said [...]") There were already
by ttoinou 9y ago
FYI Bastiat wrote before Marx (Bastiat most likely is among the ones Marx talked about when he said "bourgeois economists have said [...]")
There were already mega firms back then (East India Company IIRC ?)
- dalbasal 9y agoInteresting, I always thought bastiat was writing in response to marx... You're right about the colonial megafirms, they were really the forerunners of today's corporate world...quarterly stock price pressure and all. But, they're pretty absent from most examples of that time. Maybe it's because they didn't operate in Europe much. Modern free marketers can easily disown them on crown issued monopoly grounds. Smith considered them the same as guilds... Even Marxists didn't really pay as much attention to them as they should have, considering hindsight.