When Corporations Rule the World..


	When Corporations Rule the World..

TJColatrella

12-20-2007 1:17 PM

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tags:

adam smith, corporatism, economics, bush, debt, fascism

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/80c565d4-9e66-4909-96c4-4832ee68a04f/5B37C8BF-3AFE-4857-9037-B528F681E7F0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.pcdf.org/corprule/betrayal.htm" href="http://www.pcdf.org/corprule/betrayal.htm" style="font-size: 11px;">www.pcdf.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pcdf.org/corprule/betrayal.htm"><FONT color="#800000">THE BETRAYAL OF ADAM SMITH</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pcdf.org/corprule/betrayal.htm"><H3 align="center"><FONT face="Arial, Helvetica" _moz-rs-heading=""><FONT color="#008000">Excerpt from
<FONT size="6"><I>When Corporations Rule the World
</I></FONT><FONT size="4">2nd Edition
</FONT>by David C. Korten</FONT></FONT></H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.pcdf.org/corprule/betrayal.htm"><P align="justify"><FONT face="Arial, Helvetica"><FONT color="#008000"><A href="http://www.pcdf.org/corprule/../corporat.htm"><IMG width="100" height="152" border="2" align="right" alt="WCRWII.gif (222731 bytes)" src="http://www.pcdf.org/corprule/../images/WCRWII_small.gif" /></A></FONT><FONT size="3">It is ironic that <A href="http://www.pcdf.org/corprule/assault.htm">corporate
libertarians</A> regularly pay homage to Adam Smith as their intellectual patron
saint, since it is obvious to even the most casual reader of his epic work <I>The
Wealth of Nations </I>that Smith would have vigorously opposed most  of
their claims and policy positions. For example, corporate libertarians fervently
oppose any restraint on corporate size or power. Smith, on the other hand,
opposed any form of economic concentration on the ground that it distorts the
market's natural ability to establish a price that provides a fair return on
land, labor, and capital; to produce a satisfactory outcome for both buyers and
sellers; and to optimally allocate society's resources.</FONT></FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5B37C8BF-3AFE-4857-9037-B528F681E7F0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>