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August 3, 2012

Corporate crime: Basic economics

By Ethan Hollow

Unlearning Economics says that capitalism gives us "institutionalized law-breaking": Corporations have a long history of force, fraud and theft...In a system based on private accumulation, they will use their profits to corrupt the legal system, hijack public funds, get the best lawyers, and make their operations as opaque as possible to avoid prosecution, no matter the charge. None of this is a bug of capitalism; it is a feature.

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Unlearning Economics says that capitalism gives us "institutionalized law-breaking": Corporations have a long history of force, fraud and theft...In a system based on private accumulation, they will use their profits to corrupt the legal system, hijack public funds, get the best lawyers, and make their operations as opaque as possible to avoid prosecution, no matter the charge. None of this is a bug of capitalism; it is a feature.

Authors Bio:

I am educated engineer. My interests: human interaction in the past and present. So I like history, politics and science because I like to make my own theories.


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