Re:The Self-Destruction of the 1 Percent
by rayiner on Sunday October 14, 2012 @01:55AM
(#4650800)
There is no evidence that less regulation wouldn't careen us towards more massive wealth inequality even faster, as it did in the 1920s.
Pretty much every business sector demonstrates massive economics of scale, and once you get $10billion+ companies, you're kind of damned if you do and damned if you don't. If the government doesn't step in, those huge companies band together to screw regular people (see, e.g., tech companies colluding to keep engineer salaries down through). If the government does step in, those huge companies co-opt it through lobbying.
I think the solution may be a smaller government that is more aggressive about enforcement. Make it extremely difficult to grow companies larger than say $1 billion. Be much more aggressive about breaking up burgeoning monopolies instead of waiting until they get too powerful.
Pretty much every business sector demonstrates massive economics of scale, and once you get $10billion+ companies, you're kind of damned if you do and damned if you don't. If the government doesn't step in, those huge companies band together to screw regular people (see, e.g., tech companies colluding to keep engineer salaries down through). If the government does step in, those huge companies co-opt it through lobbying.
I think the solution may be a smaller government that is more aggressive about enforcement. Make it extremely difficult to grow companies larger than say $1 billion. Be much more aggressive about breaking up burgeoning monopolies instead of waiting until they get too powerful.