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| Rick Kelo |
Fear-mongering politicians have campaigned for generations on how they are necessary to keep the intangible boogey-man "business" at bay. Economists tell us that isn't the case at all. In fact, the Public Choice school of Economics revealed... and earned some half dozen Nobel Prizes for doing so... that in actuality the State is "captured" when it begins competing against business.
Why shouldn't we fear the large powerful business? Rick Kelo sits at a unique intersection of perspective as an economist, pacifist and a Classic Liberal philosopher. He points out that, "Competition in the marketplace prevents what people actually believe would occur with one company becoming "powerful." What politicians who campaign against business won't tell you is that no business can get a dollar from your hand unless you voluntarily give it to them, but not so with that politician," says Richard Kelo.
Rick Kelo points out this is why we see powerhouses like Microsoft go from controlling the internet browser market to only holding 20% of it in just a matter of a few years. Especially if a country has free trade. Government interference (like tariffs) stop lower priced foreign competition from serving its purpose. The wealthy in one society cannot accumulate enough power to rig the market under capitalism. Their only avenue to do so is the approach the Public Choice school discovered: by using a special interest lobby to get government to intervene against the free market in the form of different kinds of favors.
