Capitalism Isn’t Corporatism Or Cronyism

Corporatism

The hidden assumption is that all efforts to struggle the recession are essentially corrupt and illegitimate, with a darker underlying message that the recession is doing the hard work of purging out the weak. The concept that extended mass unemployment, leaving employees with weak bargaining power and companies with excessive profits is essentially the most vile type of corporatism and coercion over on a regular basis working individuals one way or the other by no means will get talked about. This blindness reveals up even more intently when you consider how corporatism turns out to be present anyplace an financial transaction is regulated. Why did Carney, for example, flag the contraception mandate as a form of corporatism? Because of the proposition that a “person provides up his First Amendment rights when he is appearing as a businessman.” Because some companies wish to do one factor, regulating their actions solely advantages … Read More