- Apr 29, 2020
The government provides them their priviliged status so I doubt that. Unregulated capitalism would invalidate their entire business model: copy/patent rights, trade barriers, protectionism, tax breaks, subsidies and stimulant funds, corporate legislation to even entire monetary policy created in their favor. I'm not really against corporations since many things simply can't be created without massive scale and investment. It is more about the inherent corrupting influence that comes with unmitigated concentration of power. It is no surprise that crony capitalism exists where corporations and government meet.Hot take: the results of crony capitalism are the same as unregulated capitalism, except it has cronies to throw under the bus when things go bad.