CHAPTER 5Assault of the Corporate Libertarians

If there were an Economist’s Creed, it would surely contain the affirmation, “I believe in the Principle of Comparative Advantage.” And “I believe in free trade.”

—PAUL KRUGMAN, economist

The difference between a system dominated by General Motors and Exxon and one based upon the individual landholding farmer and small business person of an earlier day in American history may very well be greater—in the real life experience of the average person—than the difference between a system based upon large private bureaucracies in the United States and public bureaucracies in socialist nations.

—GAR ALPEROVITZ, political economist

In the quest for economic growth, free-market ideology has been embraced around ...

Get When Corporations Rule the World, 3rd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.