Tuesday, December 1, 2009

Corporatism is not Capitalism

There is a natural tendency for any organization to seek to tilt the playing field to its own advantage. Businesses have this tendency like any other entity and I fear that we are now in the throws of full grown Corporatism. (In the old days this was called Mercantilism.) This statement by Donald Trump is an excellent example. He wants the government to force (not encourage, but force) banks to lend money where they would rather not. That, my friends, is not free markets in action nor is it Capitalism. That is Corporatism where one party (Trump) is trying to use an external player (the government) to provide him with his preferred working environment.

I was never a great Trump fan and now I know why.

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