In a message dated 8/14/02 3:37:34 PM, [EMAIL PROTECTED] writes:
<< The problem is central planning. The US corporation would be a giant enterprise subject to the inefficiencies of any large organization. Also, minority interests would be overpowered as they are now. >> I think it would be even worse than Fred Foldvary suggests. We have some ad hoc central planning now, which has been imposed on us haphazardly over roughly the past century, despite a series of checks and balances--not the least of which has been the traditional classical liberal ideology of Americans--designed to prevent it. An America organized as a giant corporation would almost by definition start out as a centrally-planned economy in which people held little or no aversion to central planning. In a marketplace, corporate central planners sometimes have been forced by competition to decentralize, creating independent competitive divisions within the larger corporation. Without the competition of a market, what incentive would the federal corporation ever have to decentralize in the slightest? Thus it seems likely that the American corporation would be substantially more centralized than our economy currently is. David
