Does anybody else think “Capitalism” is killing itself? By the looks of the following US Second Circuit court decision, it is so. Death by a thousand self inflicted cuts.
The dissenting opinion:
“So long as they incorporate, businesses will now be free to trade in or exploit slaves, employ mercenary armies to do dirty work for despots, perform genocides or operate torture prisons for a despot’s political opponents, or engage in piracy—all without civil liability to victims.”
US Second Circuit Judge Pierre Leval
Read For US Corporations The Whole of the Law Shall Be “Do What Thou Wilt” at Jesse’s Cafe Americain blog.
I put Capitalism in quotations above. It doesn’t exist, or maybe it never did. At best Capitalism coexists with an increasingly bloated Corporatism.
See also The Peasants are Storming the Gate: Let Them Eat Cake?
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Filed under: Political Economy, Taxes & Regulation Tagged: | Anarcho-capitalism, capitalism, corporate law, corporatism, Economic, Economic system, liberalism, politics, Social Sciences
