Tuesday, April 29, 2008


Modern day capitalism is manifestly not a free market, but a system created and sustained by massive central government interventions in the economy. As such, not only would it not thrive in the absence of government intervention, it would collapse without it. In the 20th century, the symbiotic relationship of corporation and government is even more obvious—though it goes strangely unnoticed by many people. Examples include the military industrial complex, the widespread subsidizing of transportation and communication, the for-profit corporate benefits of government pharmaceutical and other research, tax breaks and incentives for favored industries, the myriad direct and indirect subsidies of suburban sprawl, agricultural subsidies, etc. Here's a book in progress that examines the reality of our system of production.

Organization Theory Outline: Expanded Version

In the absence of such overwhelming intervention, what would the economies of industrialized nations look like?