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To: kidd
Under Corporatism, corporations are privately owned, they are strong-armed by regulations and quotas to the point that they are essentially controlled by the government.

But corporatism is a mutually beneficial arrangement - the regulations and quotas are deemed a small price to pay in return for the guaranteed market monopolies, government contracts, and indemnification from the laws of capitalism the larger corporations get in return. This is why the likes of GE and Monsanto are going the IG Farben route and enthusiastically supporting Obama's budding dictatorship.

Smaller businesses, on the other hand, get all of the regulations with none of the guarantees.

22 posted on 01/08/2013 8:06:41 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves
But corporatism is a mutually beneficial arrangement

Not to the consumer. Corporatism means higher prices, lower quality, fewer choices. The system is highly vulnerable to graft. And in the long term, innovation suffers.

26 posted on 01/08/2013 8:24:27 AM PST by kidd
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