Corporate Capitalism

There is a widespread concern on both the left and the right that large, profit-driven corporations have too much power.  Interesting contrasts arise in proposed ‘solutions’ to this problem.  The left tends to believe that the solution to the problem of corporate power is to regulate corporations more heavily.  The right tends to believe that regulatory efforts will almost always be co-opted by large corporations as a way to reduce competition - and thus allow them to become even larger and more powerful.  Thus the same diagnosis on left and right - too much corporate power - leads to diametrically opposed policy recommendations:  The left believes more regulation will “reign in” corporate power, the right believes deregulation is essential to allow new entrants to compete with existing corporate power.

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