Corporations are Antithetical to the Free Market
Corporations, whose leaders portray themselves as champions of the free market, were in fact created to circumvent that market. They were an answer to the challenge of organizing thousands of people in different places and with different skills to perform large and complex tasks, like building automobiles or providing nationwide telephone service.
[...]Corporations are bureaucracies and managers are bureaucrats. Their fundamental tendency is toward self-perpetuation. They are, almost by definition, resistant to change. They were designed and tasked, not with reinforcing market forces, but with supplanting and even resisting the market.
Notes:
Folksonomies: economics
Taxonomies:
/technology and computing (0.506508)
/law, govt and politics/government/government agencies (0.302026)
/law, govt and politics/government (0.263177)
Keywords:
nationwide telephone service. (0.979985 (neutral:0.000000)), fundamental tendency (0.866566 (neutral:0.000000)), complex tasks (0.842076 (positive:0.541702)), free market (0.823539 (positive:0.466970)), status quo (0.822987 (negative:-0.764385)), different places (0.813406 (positive:0.541702)), different skills (0.812320 (positive:0.541702)), Adam Smith (0.791472 (neutral:0.000000)), fair prices (0.783175 (neutral:0.000000)), individual transactions (0.782951 (neutral:0.000000)), small groups (0.782149 (neutral:0.000000)), market forces (0.777215 (neutral:0.000000)), free markets (0.768203 (neutral:0.000000)), large bureaucracies (0.756544 (negative:-0.764385)), Corporations (0.624370 (negative:-0.673461)), bureaucrats (0.548012 (negative:-0.582538)), people (0.539265 (positive:0.541702)), multitude (0.499369 (neutral:0.000000)), automobiles (0.495189 (neutral:0.000000)), champions (0.487723 (positive:0.466970)), answer (0.482929 (positive:0.541702)), leaders (0.481571 (positive:0.466970)), fact (0.480941 (negative:-0.238622)), thousands (0.480666 (positive:0.541702)), definition (0.480001 (neutral:0.000000)), challenge (0.479980 (positive:0.541702)), innovation (0.477405 (negative:-0.764385)), self-perpetuation (0.472869 (neutral:0.000000)), managers (0.472856 (negative:-0.582538)), process (0.467716 (negative:-0.764385))
Entities:
free market:FieldTerminology (0.926772 (positive:0.114174)), Adam Smith:Person (0.478430 (neutral:0.000000)), telephone service.:FieldTerminology (0.397603 (neutral:0.000000))
Concepts:
Free market (0.968619): website | dbpedia | freebase | yago