America is fiercely divided today just as it was in 1861 at the start of the American Civil War. One of the many issues that divide us today is whether our society should be led by big government or big business. Can we have a “free market” if we’re led by big business? Most people … Read more
Corporations do not get bigger because they get more complicated. Rather, corporations get more complicated because they get bigger. In my earlier post, I presented Jane Jacobs’ argument that by their nature governments get bigger and their growth causes them to get more complicated. But Jacobs also applied the same principle to private organizations, like … Read more
Capitalism has enlarged and enriched the middle class. But there’s a problem – capitalists seek to monopolize a market. That CEO in the television interview I mentioned in my earlier post laid it out honestly and correctly. Without competition, eventually the most effective capitalist will own the entire planet. In other words, capitalism is so … Read more
Socialism and communism have always led to economic failure, but there are problems with capitalism as well. For example, competition makes capitalism work. But at the same time every capitalist seeks to eliminate his competition. In other words, if a company grows without bounds, it will eventually destroy its competitors. And there are other problems … Read more
