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Erschienen in:
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2017 | OriginalPaper | Buchkapitel

Myth 9: Corporations Represent Economic Freedom

verfasst von : Joseph Shaanan

Erschienen in: America's Free Market Myths

Verlag: Springer International Publishing

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Abstract

Myth: Corporations are an integral part of the free market and exemplify the ideals of the successful entrepreneur. Any encroachment by the state on the way a company runs its business endangers individual freedom and the free market. Government should stop protecting Americans from their most productive organizations. Competition ensures that firms operate in consumers’ interest and treat their employees well.
Reality: Large corporations’ almost unrestricted right to profit is defended under the guise of protecting individual freedom. Yet, corporations’ freedom often clashes with, and sometimes even destroys individual liberty, never mind the freedom of markets. Corporations demand that their right to profit should have precedence even in situations when it is clearly contrary to the national interest and the welfare of many.

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Vorheriges Kapitel Myth 8: Free Markets Protect Democracy
Nächstes Kapitel Myth 10: Free Market and Laissez Faire Are the Same
Fußnoten
1
Schwarz (2005).
 
2
Boldeman (2007).
 
3
Polyani (2001) also questions the meaning of freedom in a society that equates economics with contractual relationships, and contractual relationships with freedom. In such a system nobody is accountable for the diminished freedoms of those hurt by unemployment and poverty.
 
4
Boldeman (2007).
 
5
Friedman and Friedman (1980).
 
6
Hayek is referring to the UK and Europe.
 
7
Backhouse and Medema (2009).
 
8
McNally (1990).
 
9
Adams and Brock (1986).
 
10
Shaanan (2010).
 
11
Crouch (2011).
 
12
Galbraith (1985).
 
13
Whyte (2002).
 
14
Cassidy (2009).
 
15
Silver-Greenberg (2013).
 
16
Krugman (2014a, 2014b and 2015a) sees some hope for improvement in the consumer protection provisions of Dodd Frank.
 
17
Mueller (2003).
 
18
Shaanan (2010).
 
19
Silver-Greenberg and Gebeloff (2015).
 
20
Groves (1997).
 
21
Rhine et al. (2006).
 
22
Shaanan (2010).
 
23
Crouch (2011).
 
Literatur
Adams, Walter and James W. Brock (1986) The Bigness Complex, New York: Pantheon Books.
Backhouse, Roger E. and Steven G. Medema (2009) “Laissez Faire, Economists and,” in New Palgrave Dictionary of Economics (second edition), eds. Lawrence E. Blume and Steven N. Durlauf, New York: Palgrave Macmillan.
Boldeman, Lee (2007) The Cult of the Market, Economic Fundamentalism and Its Discontents, Canberra, Australia: Australian National University.
Crouch, Colin (2011) The Strange Non-Death of Neo-Liberalism, Cambridge, UK: Polity Press.
Frank, Robert (1999) Luxury Fever, New York: Free Press.
Friedman, Milton and Rose D. Friedman (1980) Free to Choose, San Diego: Harvest Book, Harcourt Brace.
Galbraith, John Kenneth (1985) The New Industrial State (fourth edition), Boston: Houghton Mifflin.
Groves, Martha (1997) “Push Grows for Law on ‘Veggie Libel’,” Los Angeles Times (August 20) [p. A.1].
Hayek Friedrich (1994) The Road to Serfdom, Chicago: University of Chicago Press.
McNally, David (1990) Political Economy and the Rise of Capitalism: A Reinterpretation, Berkeley: University of California Press.
Mueller, Dennis C. (2003) Public Choice III, Cambridge: Cambridge University Press.CrossRef
Mulligan, Casey B. (2009) “Aggregate Implications of Labor Market Distortions: The Recession of 2008-9 and Beyond,” NBER Papers.
Polyani, Karl (2001) The Great Transformation, Boston: Beacon Press.
Rhine, Sherrie, L. W. William, H. Greene and Maude Toussaint-Comeau (2006) “The Importance of Cash Checking Businesses to the Unbanked: Racial/Ethnic Differences,” Review of Economics and Statistics, Vol. 88 [pp. 146–157].CrossRef
Schwarz, John E. (2005) Freedom Reclaimed, Baltimore: Johns Hopkins University Press.
Shaanan, Joseph (2010) Economic Freedom and the American Dream, New York: Palgrave MacMillan.CrossRef
Smith, Adam (1995) An Inquiry into Nature and Causes of the Wealth of Nations, in World’s Greatest Classic Books, Corel CD Home. [Ottawa, Ontario, Canada].
Whyte, William H. (2002) The Organization Man, Philadelphia: University of Pennsylvania Press.CrossRef
Metadaten
Titel
Myth 9: Corporations Represent Economic Freedom
verfasst von
Joseph Shaanan
Copyright-Jahr
2017
Buch
America's Free Market Myths

Print ISBN: 978-3-319-50635-7

Electronic ISBN: 978-3-319-50636-4

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-50636-4_10

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