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| said by axus:Capitalism is fine, but prior to 1890 the government did not provide a good counterbalance to corporations. Sherman Anti-trust act was written for a reason. Democracy trumps capitalism.
Democracy and capitalism are not opposites. Communism and capitalism are. Two methods of setting prices, managing markets, and planning offerings. Centralized planning, pricing, and managing the flow of goods and services has been shown over and over again to fail miserably. Having competitive, open markets has been shown over and over again to be the best way to increase the overall standard of living and availability of goods and services to people.
But free markets, if unchecked, lead to monopolies and monopolistic behavior, which gets you right back to centralized behavior. That is why the Sherman Anti-Trust act was passed, to put a check on corporations becoming monopolies and thwarting free markets.
In some sense, the Sherman act was very democratic. It showed how a representative government can correct a system which had excesses and was skewing away from contributing to the overall good. The laws against child labor are similar in nature. One could come up with other examples.
There will always be debate over where to draw the line. But saying you should draw the line all the way over one side or the other is just a non-starter. |
