A Quote by Gabriel Kolko
Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. Competition was unacceptable...it was not the existence of monopoly that caused the federal government to intervene in the economy, but the lack of it.
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
Our economy will not prosper as long as it is monopolised (by the government). The economy must be rid of monopoly and see competition, it must be freed of insider speculation, be transparent, all people must be aware of the statistics. If we can bring transparency to our economy, we can fight corruption.
The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.
Competition is the hallmark of a free enterprise economy. For the past thirty years, however, corporate America has been doing everything it can to cut competition, with major corporations merging and consolidating at every opportunity.
If a company is not a monopoly, then the law assumes market competition can restrain the company's actions. No problem. If a monopoly exists, but the monopoly does not engage in acts designed to destroy competition, then we can assume that it earned and is keeping its monopoly the pro-consumer way: by out-innovating its competitors.
The economy working - the economy growing, corporations growing and hiring people and wage increases occurring - is the worst thing that can happen politically for the Democrat Party.
To put it in context, the federal government was, at the beginning [of the Vancouver meeting], talking about a $15-per-tonne floor for carbon emissions. We're at $30 a tonne, so we're already double that. But our economy is growing at a faster rate - three per cent of GDP is our projected growth in British Columbia.
The time has come for the American government to recognize the damage that has occurred to our economy, and to take firm action to curtail what I believe is both unfair and illegal foreign competition.
In the early 1970s, Milton Friedman argued that corporations should not be socially responsible because they had no mandate to be; they existed to make money, not to be charitable institutions. But in the economy of the 21st century, corporations cannot be socially responsible, if social responsibility is understood to mean sacrificing profits for the sake of some perceived social good. That's because competition has become so much more intense.
When the government picked companies and gave them monopoly rights to frequencies in San Francisco and Los Angeles and New York and Chicago, it was picking the winners of the competition; it wasn't setting the terms of the competition.
America is now a socialist economy. The definition of a socialist economy is when 50% or more of your economy is dependent on the federal government.
Government is taking 40 percent of the GDP. And that's at the state, local and federal level. President Obama has taken government spending at the federal level from 20 percent to 25 percent. Look, at some point, you cease being a free economy, and you become a government economy. And we've got to stop that.
In Poland we still believe - and this certainly applies to my government - that greater competitiveness, and greater growth and savings are possible in an economy which is as sparely regulated as possible, where freedom, competition and private ownership are key values.
The value of small business contracting is indisputable. These firms bring healthy competition to the federal market to drive down prices. They are our nation's innovators and job creators, and securing a federal contract helps them grow and offers more benefit to the economy.
Competition is a powerful and essential part of this nation's economy and vital to cutting government costs.
Corporations are a good thing. But corporations should not be running our government... They have driven the American economy since its founding, and the prosperity of our country is largely dependent on the free operation of corporations. But some corporations don't want free markets, and they don't want democracy. They want profits.
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