Capitalism and Classical Liberalism Are Headed for
Divorce
https://www.washingtonpost.com/business/energy/2023/09/14/capitalism-and-liberalism-are-headed-for-divorce/c389946e-52bd-11ee-accf-88c266213aac_story.html
Adrian Wooldridge:
Today we are witnessing a degree of economic concentration that we have not seen since the late 19th century: a collection of superstar companies is consolidating their power at the heart of the global economy and exercising enormous political influence at home and abroad. …
The consolidation of economic power leads inexorably to the consolidation of political power. Companies are no longer content with putting pressure on legislators to vote in the right way. They increasingly write the legislation themselves — a convenient ruse that is helped by Congress’s habit of producing elephantine legislation such as the two-thousand-plus page Dodd-Frank financial reform bill — and set the terms of debate by funding think tanks and pressure groups.
Related:
https://www.bloomberg.com/opinion/articles/2023-09-14/capitalism-and-liberalism-are-headed-for-divorce
https://www.washingtonpost.com/business/energy/2023/09/14/capitalism-and-liberalism-are-headed-for-divorce/c389946e-52bd-11ee-accf-88c266213aac_story.html
Adrian Wooldridge:
Today we are witnessing a degree of economic concentration that we have not seen since the late 19th century: a collection of superstar companies is consolidating their power at the heart of the global economy and exercising enormous political influence at home and abroad. …
The consolidation of economic power leads inexorably to the consolidation of political power. Companies are no longer content with putting pressure on legislators to vote in the right way. They increasingly write the legislation themselves — a convenient ruse that is helped by Congress’s habit of producing elephantine legislation such as the two-thousand-plus page Dodd-Frank financial reform bill — and set the terms of debate by funding think tanks and pressure groups.
https://www.bloomberg.com/opinion/articles/2023-09-14/capitalism-and-liberalism-are-headed-for-divorce