Adam SmithThis is one of the more clever articles you are likely to read on the web. The author believes that if the corporations are cut off from their unfair advantages gained by tax policy, subsidies, etc., the nations’ condition will improve dramatically. I cannot disagree. He is quite right.
However, he goes further and argues for laissez-faire. I’m sorry. I’ve had enough of laissez-faire to last several life times. I firmly believe that there must be regulation. However, I believe that a balance between “free enterprise” is the right course, a sort of conditional laissez-faire.
Nevertheless, this is a fine article and well worth your time to read.
James Pilant
One of the biggest problems that we can all see moving into the 21st Century is the amount of political power wielded by the world's corporations—particularly the American and European ones. Corporations, through bribery and lobbying, often steer the large tanker of government policy, both foreign and domestic, in their favor. Whether through trade regulations like NAFTA or by initiating imperialist wars on resource-rich nations, corporations hav … Read More
3 thoughts on “Laissez-Faire: The Cure for Corporate Socialism by Steven Durel (via In Libris Libertas)”
How, in this day of age, can you have enough of laissez-faire? There is so much government regulation in place. Some is good and necessary, and some is bad and unnecessary.
I agree with the article for the most part. Iceland chose to let their banks fail instead of bailing them out. As a result, their economic situation is improving.
I am in favor of classical laissez-faire – small economic units, shared information etc. When those elements are there, little regualtion if any is necessary but throw those balancing element offs and the government has to step in.
I don’t want to sound dismissive. I’m still in the middle of my sinus infection and it doesn’t do much for my writing. Please challenge me further on this issue if you are so inclined. jp
Pilant's Business Ethics Blog 
How, in this day of age, can you have enough of laissez-faire? There is so much government regulation in place. Some is good and necessary, and some is bad and unnecessary.
I agree with the article for the most part. Iceland chose to let their banks fail instead of bailing them out. As a result, their economic situation is improving.
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I am in favor of classical laissez-faire – small economic units, shared information etc. When those elements are there, little regualtion if any is necessary but throw those balancing element offs and the government has to step in.
LikeLike
I don’t want to sound dismissive. I’m still in the middle of my sinus infection and it doesn’t do much for my writing. Please challenge me further on this issue if you are so inclined. jp
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