Cornered: The New Monopoly Capitalism And The Economics of Destruction pt.2

http://MOXNews.com/
April 17, 2010 C-SPAN

Category:

News & Politics

Tags:

• barry
• lynn
• founding
• fathers
• madison
• jefferson
• walmart
• corporate
• slave

[UnoRaza]

What he's referring to are the mafia like tactics large corporations use against perceived threats. They DO use organized crime for their dirty work.

[uru86]

@thrashertm

Yes Ayn Rand, the pseudo-philosopher. What Lynn is saying is that firms have market power, meaning that the capitalist system does not function as it ideally should. When firms have market power, there is no more market. Monopolies apply "market principles" that benefit them, so its rational at the firm-level, but it is irrational at the societal/macro level. In addition, they have power over labour, pushing wages down and causing a crisis of effective demand.

[ShaktipatSeer]

nice upload

[whoo689]

@whoo689 Lynn seems to have very little faith in his fellow consumer and choice and competition.

[whoo689]

@whoo689 If the people want three big carmakers and beer distributors, so be it. That's their choice. If they're too stupid to know how bad regular Big 3 beers taste (like piss), that's their problem, not the market's fault. If they're too used to Bud or Coors to go out and try NEW local beers, who cares. It's their loss.

[whoo689]

@whoo689 Look at Sam's. Buying and selling in bulk LOWERS PRICE and cost. You can get so much for so little compared to before.  Does Lynn think this somehow inherently a bad thing? Economies of scale are nothing to fear. In fact, any large thriving economy needs them to some extent. You can't have an economy like ours on small business alone.

[whoo689]

@whoo689 This guy sounds like nothing but a whiner. Consumers are doing fine, for christ sake. Wal-mart has allowed low-income folks so much more financial freedom thanks to lower prices and efficient methods of keeping costs low. It's not a bad thing. Did Lynn get his lessons in bullshit from Ralph Nader, the 70-something Lebanese-American asexual who somehow is still stuck in the late 18th Century and the Progressive Movement?

[whoo689]

Who cares if someone controls a bunch of smaller firms?? That doesn't mean they're all the same, for christ sake! They all provide different products and services, and customers are better off w/ that amount of choice. What economist has Lynn talked to that's told him subsidiaries are somehow BAD? LOTS of good companies have them to maximize profit and allow for real economies of scale. Is it somehow "evil" for a company to be big and have a lot of smaller firms? please

[jawayetti]

What's up with all the censorship? Extremely frustrating.

[agitcam]

Why are there important breaks in the audio track? Can these be corrected?

[thrashertm]

Barry Lynn - fear mongering shill for more government control, demonizing big business needlessly. Check out Capitalism: An Unknown Ideal, which repudiates Lynn's nonsense. Example: Lynn complains that small brewers cannot sell beer at Walmart. Any moron can see that this comes down to simple bottom-line business decision-making by Walmart; it's not some insidious plot to destroy small businesses. You don't have a right to tell Walmart what to do Barry - keep your grubby paws to yourself!