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Discussion Time: Corporate Power and Capitalism

Lately I've been in a really weird state of mind. I'm starting to see (what I think are) inconsistencies in the idea of capitalism. I am all for the idea that an individual earns his money, keeps it, and does what he pleases with it without any regulation. But at the same time, what stops this individual from buying off politicians (basically what's happening in our government today)?

If no regulations are put on an individual, or a corporation, what stops them from gaining unfair political power? What stops the whole world from turning into an oligarchy? I think the world already is, but wouldn't it get worse if no regulations were in place? This is just my opinion, and if I'm wrong on any of this please tell me. But I just wanted to hear DP's discussion on this.

Do you think that a completely free market would be a haven for those to buy off governments for their own special interests? If so/if not, why?




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Big business LOVES regulations

That keep small business and start-ups out and their monopoly intact.

Big business hates regulations used to protect the rights of sovereign nations, they tear those down with impunity.

Capitalism on a national scale is good.

Capitalism on an international scale with a constant agenda of breaking down the sovereignty of nations and pursuing an extreme globalist corporate structure - not so good.

Buying off politicians is capitalism at work, but

It's not businesses that need regulating, it's the government. Businesses buy off politicians b/c politicians have the power to harm their competition or support their businesses. The problem is that the Government and its politicians should not (and technically do not) have the power to do that. It's up to US to hold the government in check and we have failed miserably in doing so. We have given politicians the ability to write laws and regulations that can both benefit and/or harm businesses and, as a result, business spend lots of money to make those laws favorable to them. If, however, we had a government that operated within the confines of the constitution, businesses would have no incentive (profit motive) to buy off politicians. In short, money follows power, not the other way around. Get Congress out of the business of business and the money will disappear.

"When I say liberty I do not simply mean what is referred to as 'free enterprise.' I mean liberty of the individual to think his own thoughts and live his own life as he desires to think and to live..." - Robert A. Taft

Once the cycle of corporatism

Once the cycle of corporatism and fascism has been codified, it's impossible to change until the whole system collapses. And since it's been this way far longer than any of us have been alive, who's to say it won't continue to go this way for (potentially) hundreds of more years. Yes, the players change but the game remains the same.

This makes sense.

But what stops said individual from making government bigger again?

Nothing, except

other individuals and a well informed, active and involved public. Without that, the cycle will repeat itself indefinitely. If the public does not understand the consequences of empowering its politicians, then the cause is lost at that particular point in time. There is no quick fix and there is no permanent fix (that I'm aware of). There is no law that can't be overturned by the people or ignored by the politicians, so we can forget about trying that. Educate yourself and those around you and never stop. Vote for those who "get it" and hold them accountable.

"When I say liberty I do not simply mean what is referred to as 'free enterprise.' I mean liberty of the individual to think his own thoughts and live his own life as he desires to think and to live..." - Robert A. Taft

"If no regulations are put on

"If no regulations are put on an individual, or a corporation, what stops them from gaining unfair political power?"

You're looking at this the wrong way. The problem is not with unregulated capitalism, it's with political power. Gov't should not have the power it has. Take away the 'political power' of Gov't and very soon Corp's will stop trying to use that power.

This kind of reminds me why Corp's didn't lobby Ron Paul like they did with other politicians, because they knew no matter how much they tried RP wouldn't waiver on his obligations to the Constitution, so any money spent lobbying him was wasted and soon they stop trying. Same thing would happen if you take away the 'political power', Corp's would stop trying to use the 'force' of Gov't to pad their profits.

How does one "take away" the

How does one "take away" the power of a more powerful entity? The entity must eventually consume itself because it will have no competitor.

It's not a free market if the government uses its monopoly

on the use of force in a given geographical area to sell favors to individuals or businesses.