4 ms·
Why do we allow megacorporations to exist at all?
by bovermyer 6mo ago
Why do we allow megacorporations to exist at all?
- love2read 6mo agoGoogle “Capitalism”
- lamasery 6mo agoChicago School assholes backed by the conservative/"pro-business" think tanks that boomed in the post-war era managed to place some judges and influence some lawmakers to completely break our anti-trust enforcement in the '70s, by shifting from a standard of "enormous corporations may be assumed harmful" to "specific harm that's very expensive to prove must be demonstrated", all but entirely eliminating anti-trust action.
- Gormo 6mo agoThe term "allow" implies that some entity called "we" exists, and has the capacity to exercise control over over unrelated third-parties' ability to engage in organized activity. No such entity exists, nor has such capacity.
- bovermyer 6mo agoIn theory, governments have the ability to curtail the activity of corporations. Are you challenging that idea?
- Gormo 6mo agoYes. Governments are themselves just organizations of people doing things, based on the same motivations and incentive structures as every other organization. The distinction between corporations, governments, and every other form of organized activity in society is an illusion.