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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: skinowski who wrote (108992)	2/25/2010 2:42:20 PM
From: No Mo Mo	Read Replies (2) of 116555

"I think that the main cause of the corporatist disease is too much power in the hands of political classes. If the rules of the game were simpler, and if politicians didn't have the power to deliver special "favors" to their corporate friends, corporations wouldn't be spending millions on "buying" those politicians." Inherent in your statement is the truth that corporations, driven by their primary directive, will do whatever they need to do to maximize profits - including buying politicians. I doubt they like spending so much on that cause, but that's what it's come to. Business is going to try to do what it's going to try to do. Government is just another cost to deal with. If the system were simpler i.e. the politicians weren't present, it's reasonable to assume corporations would be just as rapacious as they are now. Part of the nature of competitive paradigm is to be the last man standing. Taken to the logical extreme, that leaves markets as monopolies. As I say, though, that's the extreme. Clearly delineated and fairly enforced rules would be a better place than we are now.

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