19
Sep
2005

Wealth of Nations - The court of last resort

The Libertarian Enterprise
by L. Neil Smith

09/18/05

[T]he simple truth is that the market acquired its present distorted shape precisely because of regulation. Using government as a tool, the big companies fixed it so it's extremely hard to start a company, and so that long-term survival is much more difficult than it would likely be in a free economy. ... It took me about half of my adult life (so far) to realize, and admit to myself, that Ayn Rand was dead wrong about corporations and the system everybody calls 'capitalism' which is, in fact, the very mercantilism that Adam Smith denounced in Wealth of Nations.

//www.bibliomania.com/2/1/65/112/frameset.html

I kept wondering why American business didn't recognize us as their intellectual saviors and shower us with grants and campaign donations. For the most part, corporations are evil, and -- here's the important part -- every bit as threatening to individual life, liberty, and property as the government, of which they are, in fact, a malign tentacle...

//www.ncc-1776.com/tle2005/tle337-20050918-02.html
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