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Even the Home of Capitalism has Misgivings

It would seem there are rumblings of discontent in the US over current economic policy and the behaviour of corporations.

At issue are two rather obvious fundamental problems. The first one is the ability of large rich multinational corporations to act above and beyond the rule of law as it applies to the rest of us. This obviously leads to a lawless chaotic environment for them to operate in, which seems rather counter intuitive. One would be inclined to the view that stability is prefered so perhaps this is just a phase in the lifecycle of the new economic world order.

The other problem that is referred to above is the threat posed by unfettered corporations to national interests. On this there would appear to be even stronger grounds for concern. We often hear of cries for more competition in markets as a means of providing benefits to consumers, however such claims are based on a consumption based society. Any business regards another competitor as a threat, to be vanquished as soon as possible  Microsoft are proud exponents of this philosophy, one which is mostly portrayed uncritically by the mainstream media, as something in everyone’s best interests, without ever questioning the foundations of such claims. Importantly, the economic footprint of such a large corporation naturally results in special consideration by governments who rightly have concerns for the broader community. Such considerations often end up resulting in outcomes more beneficial to the vested interest and of less benefit to the nation as a whole, something we all ought to be concerned about if we don’t want to retreat to a feudal society ruled by a handful of mega rich overlords.

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