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xssve -> RE: WI Gov. Scott Walker’s War On Craft Beer and Small Business (6/11/2011 11:01:27 AM)
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quote:
ORIGINAL: Edwynn
quote:
ORIGINAL: geilematz
didn't anyone notice that the destruction of small companies was the business of some big companies?
Yes. "Rent seeking" and "creating barriers to entry" are a couple of terms that have been around and the concept well known for decades. But if you like to think you are the first to notice, that's OK too.
No, of course these are well established pitfalls of unregulated capitalism, but given the rights unrelenting propaganda campaign to redefine capitalism as per Rand, accompanied by dismantling the regulatory state, which protects those doing business ethically from those who aren't ("let the market decide" whereas often this is too late - see the Chinese Melamine incident), the profit-is-all ethic, which absolves corporations from any social responsibility other than making profit, down to more sinister propaganda disseminated largely through AEI, (see: Charles Murray, Dinesh D'Souza) racial, gender, and class bias wrapped in pseudo-scientific, neo-philosophical jargon, all of which is designed to undermine the confidence of their own constituency and milking the resulting paranoia - another established modus operandi, favored by authoritarian regimes the world over.
In short, Adam Smith is too hard to read, the "dismal science", Rand is more exciting, full of epic dramatism - amused to death?
i.e., the Red states are the beneficiaries of an inordinate share of wealth redistribution, with fairly good reason: most of the economic action, and hence tax revenues, originate on the coasts, where more international business takes place and businesses tend to aggregate due to a more diverse labor pool, transportation, communications, etc., and the problem here is get the largest beneficiaries of tax investment to back a decline in that revenue stream when taxes are cut on the upper quintile, itself largely a cheap political ploy, since in a robust economy, income growth in the top quintile invariably more than offsets any losses from taxation.
Middle America has been hit the hardest by the decline in manufacturing and the growing agribusiness hegemony displacing family farms (monetarism again, which controls wages by manipulating the interest rate to maintain a favorable rate of exchange, a boon to import and outsourcing, but puts exporters at a steep disadvantage, the midwest was devastated by Reagan's "strong dollar" in the Eighties), and some sort of investment needs to be made before it turns into a permanent rust belt, a toxic, meth addicted wasteland.
For multinationals, this just means potential cheap labor, just not as cheap as the Pacific rim yet.
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