Agreed. But Smith pointed this out when he admonished: Never let corporations get together with other corporations or with the government, for it is inevitable that they will collude against the public interest.
And what do we see in modern America? The corporations have colluded to rig prices, and the corporations have bought the governm…
Agreed. But Smith pointed this out when he admonished: Never let corporations get together with other corporations or with the government, for it is inevitable that they will collude against the public interest.
And what do we see in modern America? The corporations have colluded to rig prices, and the corporations have bought the government. Hence "corporate welfare" as you so aptly put it.
Ironically, the way back to a working form of Smithian capitalism comes from the left.
Agreed. But Smith pointed this out when he admonished: Never let corporations get together with other corporations or with the government, for it is inevitable that they will collude against the public interest.
And what do we see in modern America? The corporations have colluded to rig prices, and the corporations have bought the government. Hence "corporate welfare" as you so aptly put it.
Ironically, the way back to a working form of Smithian capitalism comes from the left.