tag:blogger.com,1999:blog-190326263026916588.post3698769944356139394..comments2024-03-04T21:50:12.306+11:00Comments on Upon Hope: Local Business is Beautiful BusinessMark Moncrieffhttp://www.blogger.com/profile/07988061141727262837noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-190326263026916588.post-20834061030269446132014-06-21T06:17:50.319+10:002014-06-21T06:17:50.319+10:00Dear Mr. Panther
You make a very good point regar...Dear Mr. Panther<br /><br />You make a very good point regarding big business, Crony Capitalism is a very big problem. I had not thought about regulation in that way, which now that you've brought it up seems obvious!<br /><br />But it does demonstrate that just there is a place for us with medium and small businesses. I'll keep an ear open more when they talk about deregulation.<br /><br />I didn't make this clear so I have only myself to blame but I'm not suggesting that we forcibly break up businesses. What I am suggesting is a franchise like arrangement. That would mean that market prices and forces would still be in operation. <br /><br />Mark MoncrieffMark Moncrieffhttps://www.blogger.com/profile/07988061141727262837noreply@blogger.comtag:blogger.com,1999:blog-190326263026916588.post-72517183425989124052014-06-19T13:28:09.537+10:002014-06-19T13:28:09.537+10:00Often big businesses have become large through col...Often big businesses have become large through collusion with government. Big businesses lobby government for "necessary" regulations in their industry, knowing they can afford to pay the costs while their smaller, nimbler, more localised competitors are crushed under the weight of regulation (which in turn offsets the costs of regulation to the big businesses). This is why the European Union, in its current form, needs to be abolished: all it does is regulate and perpetuate cronyism and corporatism.<br /><br />The bigness of some businesses are good (Google, for example). But, in the current state of affairs, we should be suspect of bigness, as Murray Rothbard said: "in the contemporary world of total neo-mercantilism and what is essentially a neofascist 'corporate state,' bigness is a priori highly suspect, because Big Business most likely got that way through an intricate and decisive network of subsidies, privileges, and direct and indirect grants of monopoly protection."<br /><br />However I wouldn't go about solving cronyism through forcibly breaking up businesses (they are people's property after all). I would deregulate, ease burdens on small business and generally expose all businesses (big and small) to the rigour of free market competition.Npinkpantherhttps://www.blogger.com/profile/02356300503647396779noreply@blogger.com