Saturday, June 18, 2011

WHY THE STATE INTERVENES ...

In my book I discuss how market players can operate with little or no moral compass, and make money in the process. From slavery and market conditions under the Black Codes, to coerced prostitution, war profiteering, child labor, and drug economies (both legal and illegal), market players have been able to justify making money under just about every market setting - no matter how degrading or morally repugnant.


This is why this article from Business Pundit - "10 Global Businesses that Worked with the Nazis" - is so relevant. It tells us that market players can rationalize profits in just about any business environment, no matter how distasteful ...


Like it or not, it's these type of market activities that demand market intervention from the state.

- Mark

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