Toward A Truly Free Market w/ Author John Medaille

How can rightwingers (whether libertarians, objectivists, or social conservatives) defend local small businesses like mom & pop stores while simultaneously defending transnational big businesses like Wal-Mart?

It’s interesting that Medaille describes the internal functioning of a monopolistic corporation as being like a socialist state in that they decrease competition & having very controlled planning. Many rightwingers love both big businesses and the military which combined as the military-industrial complex form the largest manifestation of socialism in the US and possibly in the world.

In this interview, Medaille pointed out that a corporate charter originally prohibited political involvement. He also pointed out (as did Thom Hartmann in another video) that the original Boston Tea Party was a protest against a corporation and against a government that was giving tax cuts to the rich. Medaille said something I had never heard before: “Jefferson and Madison both wanted an amendment as part of the bill of rights which prohibited the formation of corporations.” Why don’t we hear conservatives and constitutionalists mention this part of history? And why do most of the people supporting today’s Tea Party movement seem ignorant of the history of the Boston Tea Party? I don’t know if Tea Party supporters are more ignorant than the average American, but you’d think they’d at least be informed about the history of the Boston Tea Party which supposedly is the inspiration of their movement.

All of this reminds me of another issue of concern in the founding and development of American society. The founding fathers idealized a professional political class which would act as a disinterested aristocracy. They hoped that this political class would be disinterested in that they’d be independently wealthy enough so as to not be directly involved in business affairs. They thought it was dangerous for powerful people to be simultaneously involved in both politics and capitalism. They wanted a political class that didn’t favor any group but instead was able to dispassionately make decisions for the good of all.