Keith Preston criticizes the mainstream narratives that promote the myth of big government and big business being antagonists of one another.
Topics include:
- The false narratives maintained by liberals and conservatives alike regarding the relationship between State and Capital.
- The rise in recent years of popular movements rooted in economic discontent.
- The need for organizations to defend the economic interests of ordinary people.
- A new populist economic outlook that focuses on attacking systems of artificial economic privilege imposed by the state.
- Proposed alternative economic arrangements and institutions.
- The need for a vast array of economic and social activist organizations which can collectively eclipse the welfare state and represent the economic aspect of the revolutionary struggle.
Run time: 80:21
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Early on regulations may indeed help “big business” by preventing the growth of potential competitors.However, after a certain point (a certain level of regulation) the harm that the regulations do, even to large scale established enterprises, is greater than any gain “big business” may get by preventing the growth of potential competitors.
In the United States (as in other Western countries) in regulations, and in business taxation, that point was passed long ago. When the state gets to the size and scope it now is, it does not benefit most large scale business enterprises – they are harmed.
Perhaps the most “pro big business” form of state interventionism that now exists is the “cheap money” or “low interest rate” policy.
As was noted as far back as the time of Richard Cantillon (the 1700s) the policy of credit expansion (i.e. lending that does not come from REAL SAVINGS) tends to benefit the rich at the expense of the poor.
However, again the rule applies – after a certain point even this form of interventionism is not to the benefit of “big business” as the comming crises will hit large enterprises as well as small enterprises.
The “boom” is followed by “bust” – and the present hair-of-the-dog policies (trying to prevent the bust by continuing, propping up, the credit expansion) will just make everything even worse in the end.
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