Saturday, October 08, 2011

Money is the real problem, money and the government having too much influence on business.

Corporations create a crony capitalism environment. If the government wasn't in the business of picking winners and losers there would be far less reason for the protests of Tea Party or Occupy.

From This blog:
Corporations do influence the government, of course. But then so do labor union...s, the legal profession, the medical profession, special interest groups based on one form of racial or ethnic grievance or another, and lobbying interests ranging from Iowa corn to Texas oil. The problem isn’t corporations, the problem is that we have a government that has its fingers in nearly every aspect of the economy. That means that policy makers have the ability to pick economic winners and losers every day, and it’s only natural that those policies would be of concern to the people that they’re going to impact most directly, the businesses affected by them. That’s lobbying and petitioning the government for redress of grievances, not “running the government.” This kind of reflexive anti-business mentality seems to be quite common in some sectors of society, but it has little basis in reality and seems firmly entrenched in resentment and envy rather than an honest examination of the country’s political system. See More
www.professorbainbridge.com
I forced my Corporate Governance class to sit through excerpts of the execrable documentary The Corporation yesterday so that they could see for themselves the absurdity of the anti-corporation movement. Doing so was quite timely, because we're hearing the same sort of silliness from the Occupy Wall...


At the Occupy Wall Street protest today, and never has the divide between the iPhone world and the politics world been so clear: I saw a bunch of people very well-served by their computers and telephones (very often Apple products) but unde...niably shortchanged by our government-run cartel education system. And the tragedy for them — and for us — is that they will spend their energy trying to expand the sphere of the ineffective, hidebound, rent-seeking, unproductive political world, giving the Barney Franks and Tom DeLays an even stronger whip hand over the Steve Jobses and Henry Fords. And they — and we — will be poorer for it.

No comments: