Corporations are creatures of the state, our first-class citizens, government created systems of privilege used to concentrate wealth. They are a fundamental part of our current capitalist system. Libertarian individualism seems to ignore this basic problem. A few libertarians (and some others) oppose corporations for that reason. Giant corporations exercise private tyranny because they are unaccountable to the public.
- A Dim View of Libertarianism, Part V: Corporations – Invaluable Servants, Ruthless Masters [More...]
- The libertarians’ position on corporations is divided. One faction holds that there should be no legal and regulatory curbs on corporations, since they are the result of free association of individuals... But corporate power depends crucially on government intervention in the marketplace.
- Aristocracy (1 link)
- Perpetual control of society/resources/etc. by a tiny fraction of the population who are not answerable to others..
- Central Planning (6 links)
- Central planning is responsible for the largest fortune in the world: Walmart. It is behind the most economical medical care in the first world: everywhere but the US. Economics and history show that where the market fails badly, central planning is often a much better solution.
- Class War (34 links)
- Libertarianism is an astroturf pawn created by the first-class citizens (large corporations and the ultra-wealthy) in the class war against ordinary people (the 99%.) The first-class citizens have subverted representative government with propaganda, lobbying, campaign finance and revolving-door politics. The result is greater inequality due to state support of the wealthy.
- Confronting the Parasite Economy [More...]
- Why low-wage work is bad for business -- and all of us. Corporations that pay low wages impose welfare costs on the rest of society. Minimum wage is one way to prevent this problem.
- Corporate Deadbeats: How Companies Get Rich Off Of Taxes [More...]
- Multinational corporations don't pay their fair share of taxes, and have a huge variety of advantages over ordinary people for avoiding taxes.
- Corporate Threats to Liberty (23 links)
- Corporations also threaten liberty. The private prison industry has every incentive to sponsor laws to increase incarceration. Corporations have huge incentives to invade your privacy by tracking you, recording your purchases, your messages, etc. Government could then legally buy this information, rather than getting a court order to do it as part of an investigation. See also: Private Limitations Of Liberty.
- Corporation Nation: How Corporations are Taking Over Our Lives -- and What We Can Do About It (book)
- Ascendency of corporate power is decried as illiberal, and a new positive populism is prescribed.
- Corporations Are Government Creations (1 link)
- Libertarians love to whine about government handing our special privileges, but somehow seldom notice that corporations use special privileges to achieve social dominance.
- Corporations Are Not People: Why They Have More Rights Than You Do and What You Can Do About It (book)
- Crony Capitalism (8 links)
- Capitalist corruption of government for private gain. Sometimes mislabelled Corporatism. Libertarians use this term to describe any government/capitalist relationship they do not like and to excuse bad behavior by capitalists. But all capitalism is fundamentally crony capitalism because government favors owners with systems of property. Corporations, with their special privileges, are an especially clear example. Crony Capitalism is one type of Privatization of Power, and is practiced by the major funders of libertarianism.
- Hive-minds and Kleptocrats [More...]
- Paul Krugman cites some of the history of explaining corporations as inhuman. He points out that they are still often used as tools by kleptocratic humans such as the Koch brothers.
- Life Inc.: How the World Became a Corporation and How to Take It Back (book)
- Milton Friedman on Corporations [More...]
- "If corporations have no social responsibility, then presumably they are, in abstract, permitted to steal, defraud and coerce for their customers and shareholders?"
- Predistribution: wages and unions (extract from Economics in Two Lessons) [More...]
- "The wages that emerge from labor markets are the products of a complex process of implicit and explicit bargaining between workers, employers and (where they exist) unions. The outcomes of those bargains depend on the relative power of the parties and that in turn depends on the rules set out by society."
- Redesign Corporate Rights And Charters (4 links)
- Corporate rights are a toxic mish-mosh of judge-made law that in effect creates monsters. These first-class citizens dominate our society through control of media, contributions to non-profits and the legalized bribery of lobbying and campaign contributions. Some propose abolition of corporations entirely.
- The 'freest economies in the world' [More...]
- "Taken together, the governments of the two territories thus make it easy to believe that the Cato Institute's criteria for economic freedom do not include a category for a country's common citizens and consumers."
- The Corporation: The Pathological Pursuit of Profit and Power (book)
- The Divine Right of Capital: Dethroning the Corporate Aristocracy (book)
- Thomas Jefferson Feared an Aristocracy of Corporations [More...]
- "The author of the Declaration of Independence warned against the threat to democracy posed by big banks and big corporations. Too bad the Supreme Court doesn't respect the original intent of the founders."
- Thrown Out of Court: How corporations became people you can't sue. [More...]
- Two recent U.S. Supreme Court rulings [...] culminate a thirty-year trend during which the judiciary, including initially some prominent liberal jurists, has moved to eliminate courts as a means for ordinary Americans to uphold their rights against companies.
- Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights (book)
- We the Corporations: How American Businesses Won Their Civil Rights (book)
- What Is Conservatism and What Is Wrong with It? [More...]
- Phil Agre explains: Conservatism is the domination of society by an aristocracy. Conservatism is incompatible with democracy, prosperity, and civilization in general. It is a destructive system of inequality and prejudice that is founded on deception and has no place in the modern world. The aristocracy libertarians support is plutocratic/corporate.
- When Corporations Rule the World (book)
- Why South Korea's Samsung Built the Only Outdoor Skating Rink in Texas [More...]
- Corporations are able to subvert juries using public relations techniques. Demonstrated for patent cases, but maybe that's the tip of the iceberg. Based on research from Lauren Cohen and Umit Gurun.
We need a book like "Seeing Like A State" written about corporations. To a corporations, employees are like cows. Costly inputs to be milked and slaughtered for profit.
Mike Huben, "Mike Huben's Criticisms"
What has been created by this half century of massive corporate propaganda is what's called "anti-politics". So that anything that goes wrong, you blame the government. Well okay, there's plenty to blame the government about, but the government is the one institution that people can change... the one institution that you can affect without institutional change. That's exactly why all the anger and fear has been directed at the government. The government has a defect - it's potentially democratic. Corporations have no defect - they're pure tyrannies. So therefore you want to keep corporations invisible, and focus all anger on the government. So if you don't like something, you know, your wages are going down, you blame the government. Not blame the guys in the Fortune 500, because you don't read the Fortune 500. You just read what they tell you in the newspapers... so you don't read about the dazzling profits and the stupendous dizz, and the wages going down and so on, all you know is that the bad government is doing something, so let's get mad at the government.
The more fundamental change that is needed is a revision of assumptions that are taken for granted, throughout the political process, that corporations are a natural feature of market economies, while unions are an alien intrusion[...] corporations, like unions, are social constructions, which could not exist except as a result of conscious policy decisions to change the rules of a market economy.
John Quiggin, "Predistribution: wages and unions (extract from Economics in Two Lessons)"