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The Forum > Article Comments > Yes, a jobs crisis is building > Comments

Yes, a jobs crisis is building : Comments

By Syd Hickman, published 17/2/2014

Abbott believes it is all about individual firms, dud managers and greedy workers. Let them go broke and the economy magically creates new jobs.

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"In other words, the passion and energy common with private ownership becomes more bureaucratised in large public companies. He does not say it quite like this but in time there is little difference between a big public company and the efficiency of a government department. Thus two options are available - break them up as the US did with AT&T and the baby bells or government has to become involved."

Notice the double standard? The original problem, as given, is that big companies become more like government. At all times government is bigger and more bureaucratised. Yet the problem is to break up private companies? Why isn't it to break up governments? According to your own aims and your own theory?

And that is to
a) assume that government has nothing to do with the problem in the first place. But the effect of *all* economic interventions by government is to add overheads to business. Because of economies of scale, the bigger companies can bear them better: the smaller are driven to the wall. Thus government is the main single cause of the cartelisation of big business (quite apart from licensing, subsidies, contracts etc.) Yet the solution is for government to break up business? Why shouldn't the solution be to break up government?

b) assume the benefits outweigh the costs. Prove it?

c) ignore the fact that ALL the revenue of the private companies is consensual, and ALL the revenue of government is not. They are both ethically and economically different in kind.

You can't make a case for action against oligopolies if you can't make it against monopolies. You have a monopoly of the sale of your own labour. Should that be illegal too?

Notice you still not identified any actual principle that would let anyone know what they would have to do to avoid proscription?

"The necessary changes are not as hard to figure out ..."

Then how come you can't even identify the criterion for them without contradicting yourself?
Posted by Jardine K. Jardine, Sunday, 23 February 2014 11:27:20 PM
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