Saturday, June 27, 2009
The Future of Capitalism
Here's a quote from Heinlein's first published short story, "Lifeline," which was published in 1939:
"There has grown up in the minds of certain groups in this country the notion that because a man or corporation has made a profit out of the public for a number of years, the government and the courts are charged with the duty of guaranteeing such profit in the future, even in the face of changing circumstances and contrary to public interest. This strange doctrine is not supported by statute or common law. Neither individuals nor corporations have any right to come into court and ask that the clock of history be stopped, or turned back."
It seems appropriate to a time period when large businesses that have failed to practice good capitalism are asking to be saved the burden of responsibility. Corporations are just not capitalistic models. That's why they are unconstitutional.
I'm looking forward to the time when corporations own nukes. This will almost guarantee Post-Apocalyptic Scenario #1.