“Pretty much every sector of the economy is dominated by a few Goliaths, sometimes a single dominant corporation.”
OK. Let’s say this is true, and the left fears a few Goliath corporations that control too much. So how in the world do they equate that with believing all will be better if the economy is dominated by a SOLE mega-Goliath, AKA the federal government? I’m all for breaking up big companies that use their crony capitalist connections with government to destroy competition, but putting faith in even bigger government to fix it all is doubling down on stupid.
We can’t have vibrant smaller companies when the huge corporations are the only ones capable of dealing with all the laws and red tape. Those laws protect the huge multinationals from competition.
Salon, The shampoo of objective journalism.
Wipe, flush, repeat.
Bingo! You got it.
The thing is, in a free market, there may be a monopoly for a time, but the monopoly will only exist for as long as it is economically viable and provides actual value to the people who patronize it. That's because it still has to operate in accordance with the laws of economics.
Whereas a government monopoly can run indefinitely at a a loss, until it bankrupts the entire economy, as the government continues to operate it by printing money that has less and less value, until society ultimately collapses when the money become worthless.
Leftist economists make me sick.
It never occurs to people like Frank that the great majority of Americans like what corporations provide. Even most Republican-hating Dems wouldn't want to live in Frank's America.