Friday, March 04, 2011

The Free Market’s Regulatory Model

We've all seen how Big Government "regulates" its Big friends in Big Business. Corporate cartels that are "too big to fail" get Big money to paper over the Big mistakes. Who pays? We do.

Amplify’d from

Big Business, we are frequently advised, is the enemy of our natural biosphere, forever seeking new ways to sidestep its responsibilities to the environment and to dirty it at will. This assumption is, in the main, difficult to contest, its evidentiary support inescapably confronting anyone paying even the least attention. This popularly-understood fact, however, is attended by another assumption regarding the relationship between power and the natural world, that the state is the great taming influence on the evil corporation.

As historian Gabriel Kolko demonstrated in his groundbreaking account of the Progressive Era, absolutely nothing in political life could be further from the truth. “[T]he federal government,” reveals Kolko’s The Triumph of Conservatism, “rather than being a source of negative opposition, always represented a source of economic gain” for Big Business. The state, in conflict with the widely-accepted story we get from “respected” outlets, allowed corporate powerhouses to “solve their economic problems by centralization.”