Quote:
Originally Posted by Mutt
Good, within limits greed is indeed good for all, it's the Standard Oils, US Steels and Fords that made America an economic powerhouse 100 years ago and today it's the Googles and Microsofts.
|
That is not correct INHO. Competition and "greed" are functions of a free market. Corporatism stifles competition, innovation, and increases prices to consumers in order to benefit a few friends of the politicians and regulators. If it wasn't for corporatism, a free market would have allowed much faster and more wide-ranging innovation in the name of competition and "greed". America became an economic powerhouse in spite of creeping corporatism, not because of it.
.
.