Capitalism and Big Business

Capitalism does not create big business. The State created big business. Large corporations are the result of limited liability laws and other laws that protect big business. Banks that are too big to fail are the result financial regulation.

The American system is not capitalism. It is a system of collusion between political power, business power and military power. (The technical name for this system is fascism, but most Americans are not ready to accept that yet.) This collusion between politicians, big business and the military system has produced the problems that America is now facing. Further regulation will not resolve these problems, but will give more protection to business, which will eventually leader to a new crisis.

Capitalism needs very few laws to function effectively: a law against theft; a law providing for contracts to be enforced; and not much more.