lnxw48a1: "Corporatism" is a return to Mercantilism, when the way to become wealthy was to obtain the king's favor (and assistance, either actively or by ignoring your actions and the complaints / protests your actions generate) and setting up a monopoly, then expanding the monopoly through subsidized exports. It has little to do with free markets, which require active intervention to pr https://nu.federati.net/notice/3274364

Tue, 18 Feb 2020 17:31:26 -0500

"Corporatism" is a return to Mercantilism, when the way to become wealthy was to obtain the king's favor (and assistance, either actively or by ignoring your actions and the complaints / protests your actions generate) and setting up a monopoly, then expanding the monopoly through subsidized exports. It has little to do with free markets, which require active intervention to pr…