Feed on
Posts
Comments

Big Bad Corporations

Many who oppose individual liberty and free exchange levy the common charge that big corporations are necessarily exploitive of both consumers and workers. I can’t tell you how many times, even in polite company, I listen to people argue how evil Exxon is because they earned over $10 billion during the last fiscal year (over $1,300 per second!!!). Let’s take this as truth for the moment – that profits are directly proportional to the degree of exploitation.

Permit me to ask two simple questions.

  1. What are we to make of Bear Stearns right now? Or General Motors? Because they are billions of dollars in the red does that mean they have been treated badly by customers? And should American consumers be levied with an “excess loss tax” in order to level the playing field for these poor companies? My tongue ain’t in my cheek either. Excess loss tax is more direct name for bailout, pension guaranty, etc.
  2. When you have a good year at your job and make a higher salary or receive a nice bonus, is that evidence that you have exploited someone? Are professional athletes exploiting anyone?

5 Responses to “Big Bad Corporations”

  1. Brad Samples says:

    I made some nice capital gains in emerging markets last year….did I somehow exploit the firms whose shares I bought (in the secondary market, natch)? I must have exploited the guy who sold me the shares in the first place when I forced him into the transaction

  2. 596184 306416Thanks so much for one more post. I be able to get that kind of info information. friend, and exactly. 777151

  3. 41155 872866I like your writing style genuinely loving this internet site . 260669

  4. 636342 261822Hi. Cool write-up. There is really a problem with the web site in firefox, and you may want to test this The browser is the marketplace leader and a huge portion of folks will miss your superb writing due to this difficulty. 514904

  5. 597576 757729Most what i read online is trash and copy paste but i think you offer something different. Maintain it like this. 705500

Leave a Reply