No Government Support for Corporations
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Related Perspectives
I Think You Have to Have a Cop on the Corner of Wall Street
Posted April 5th, 2008 by JminehanNobody Who Has Made His/Her Nut Loves the Free Market or Schumpeter's "Gales of Creative Destruction"
I think you need a level of regulation to keep people honest. Someone told me, concerning employee theft, that 10% of employees will never steal, 10% will always steal and that with 80%, it is situational ... and part of the situation, where there is less theft, is effective internal controls. The same guy told me that where the theft starts at the top, it is far more common.
If the Anti-trust People at the Department of Justice or the Federal Trade Commission had done their jobs in the 1950s, the US Car Industry would still be dominant. Instead it got clubby and gentlemanly ... and vulnerable.
