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Only in the corporate welfare system we have today (see Chevrolet bailout). Without corporate welfare in the forms of subsidies, bailouts, and regulations, comp
by merpnderp 11y ago
Only in the corporate welfare system we have today (see Chevrolet bailout). Without corporate welfare in the forms of subsidies, bailouts, and regulations, companies like Telsa would be destroying the major auto manufactures. What old major companies would still be around without un-capitlistic like interventions from the government?
- juliangregorian 11y agoNo, it was true for East India, it was true for Standard Oil, and it's still true today. Much of regulation was intended for the protection of consumers, not to cement incumbents, and the subversion of the same is evidence of capitalism's predatory nature.
- merpnderp 11y agoBusinesses continue their regulatory capture in the US. The line between corporations and government grows thinner every time a burdensome regulation is created that only companies with significant resources can follow. http://news.investors.com/ibd-editorials/060815-756320-dominos-grocery-stores-fight-regulatory-burden-of-menu-labels.htm?p=full http://news.investors.com/ibd-editorials/060815-756320-domin...
- juliangregorian 11y agoOf course they do. This is not unique in history or in the US. This is simply capitalism working as intended. What did you think Tesla would do after they finished "destroying the major auto manufacturers"?