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aside from the free market competition between the large corporations. That's it. Our corporations are like little planned economies, and the only thing that kept them afloat during the '90s was the information revolution.
Small businesses and self-employed individuals are the only true capitalist structures in our nation, corporations should be considered socialist institutions.
The same problems associated with large government-owned monopolies are almost completely mirrored by corporate monopolies, and aside from the free market competition between these massive planned economies we call corporations, there is little truly market activity.
Our nation is in a rough spot because of this problem. Corporations and government-owned companies both suffer from the problem of having lots of resources at their disposal. When some major inefficiency exists in either of these economic systems, resources that would usually run dry quickly for a self-employed person or a small business, may take months or years to run dry. This reduces the motivation for the company to adapt, or evolve, to changing situations. As the size of an economic system increases, the length of time it takes to evolve increases too. Or as the size of the system increases so to does the "latency of self-regulation" as I like to call it.
This is, by the way, is an argument against globalism, only instead of individual companies in a given economy, it is the economies of various nations which experience an increase in their respective "latency of self-regulation." The problem of resource exhaustion becomes severe when resources from other economies can be run through to support the inefficiency in another economy. This is what's happened in our nation, both publicly and privately held debt has experienced a large increase in foreign financing. By borrowing from overseas, we've been driving ourselves off the cliff financially.
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