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Big Business often depends on government too.


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2012 Mar 15, 12:51am   3,905 views  5 comments

by American in Japan   ➕follow (1)   💰tip   ignore  

The biggest engine_of_economic growth_8_ways taxpayers_and the government are_necessary_to_capitalism (Alternet.org )

Eight ways...

Number 5 is one of the the biggest if not the biggest. Think of the "defense" companies and how much they depend on the government (not saying it is all bad, just that much of the spending with taxpayer dollars has benefited them). Companies such as Grumman, McDonnell-Douglas, Northrup, Raytheon, etc.

Dating back to Ronald Reagan, and even before, conservatives have constantly attacked government. The drumbeat repeats the notion that the private sector can do everything better. “Privatize everything" is the mantra. It’s hard to imagine anything more destructive to our economy.  This presidential season, GOP candidates have revved up the maligning of government, and even liberals and Democrats join in the chorus, spreading the big lie that government is too big, corrupt and wasteful without understanding just what government provides the economy and society.  A big part of the message is that the private sector is responsible for the progress...

#politics

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1   American in Japan   2012 Apr 5, 2:04am  

I just wanted to point this out to those who think corporations are for the "free market".

The corporate charter itself is granted by the government.

2   freak80   2012 Apr 5, 3:12am  

True. The "defense" industry is all about crony-capitalism.

Ever see the movie Canadian Bacon?

3   MisdemeanorRebel   2012 Apr 6, 6:15am  

I think I mentioned this before, but I wonder how much manufacturing we would have if we stripped out the defense industry.

It's beyond my powers, but I'd love to see a separate metric for "Civilian manufacturing", both jobs and GDP, that strips out the MIC.

4   freak80   2012 Apr 9, 1:05am  

thunderlips11 says

I think I mentioned this before, but I wonder how much manufacturing we would have if we stripped out the defense industry.

Very little. Unless you consider McDonald's to be involved in manufacturing (like Bush did).

5   American in Japan   2012 Oct 11, 7:17pm  

Patents, Copyrights, Trademarks...
US Government subsidies to large oil companies...

subsidies to pharmaceutical companies (as well as patent protection in govt. courts).

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