Tuesday, April 26, 2016

Government-Sponsored Corporatism Leading to Rise of Populism

As we’ve often pointed out, there are three areas where judicial force has been applied, swelling corporations to titanic sizes.

The first is intellectual property rights.

If corporations had to protect their own trade secrets rather than relying on government to do it for them, it is very probable that many corporations would be a good deal smaller.

The second is corporate personhood.

Corporate personhood makes it a good deal easier for individuals to avoid culpability for corporate acts.

Those lodged within a corporation can often avoid penalties that would otherwise expose them to significant personal jeopardy. Because they stay in charge, continuity isn’t disrupted and exceptionally aggressive corporate strategies can be maintained.

The third area is monopoly central banking.

Monopoly fiat money benefits the world’s largest corporations inordinately. The money coming out of central banks, especially Western central banks, often finds its way to the largest multinationals first, providing significant liquidity to these massive entities.

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