June 30, 2016
Trump Dares Corporate America to Leave the GOP … The speech Trump delivered in Pennsylvania on Tuesday, attacking globalization and trade, will provide more cause for panic among Republican elites. –Bloomberg opinion
This article disparages Trump’s appeal and suggests that large corporations might leave the GOP.
That’s a direct result of Trump, of course. In his speech Tuesday, he blasted globalization in such stark terms that the U.S. Chamber of Commerce took to social media to counter him in real time.
Good for Trump. Let ‘em leave.
Corporations shouldn’t exist in the size and quantity they do in.
We’ve written numerous times that corporations are the result of judicial force.
The free market would never create such incompetent, multinational corporations. A truly free market would put them out of business quickly.
America’s vast corporations are the product of an authoritarian state that has reduced freedom generation after generation at least since the Civil War.
Thomas Jefferson and the founders were so worried about corporate power that they left the supervision of corporations up to the states. They refused to give that power to fedgov.
And purposefully, the states did little to facilitate corporate power.
Only after the bank-run industrial North had won the Civil War, did corporations begin to amass power.
In the late 1800s, they received corporal status and then were further boosted by the creation of the Federal Reserve, the consolidated stock market and, eventually, evermore stringent intellectual property rights.
In every case, the market would never have granted corporations the privileges that the courts bestowed.
Large corporations are in many ways an extension of government and a signal that the market doesn’t function correctly and that the government is protecting a few at the expense of the many.