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Classic Cato: Corporations versus the Market; or, Whip Conflation Now

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In this 2008 Cato essay, Roderick T. Long discusses the difference between free-markets and corporatism. Many groups of people are to blame — libertarians, conservatives, businesses, and liberals are all culpable. Give your brain an early Valentine’s Day present and read this excellent essay:

No and yes. Emphatically no—because corporate power and the free market are actually antithetical; genuine competition is big business’s worst nightmare. But also, in all too many cases, yes—because although liberty and plutocracy cannot coexist, simultaneous advocacy of both is all too possible.


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