| Thanks for the attention to terminology detail. The anglo corporation is the finest outcome of the anglo capitalism. If you build a system around anglo capitalist rules, you end up with anglo corporations. The reason is that the anglo capitalism prides itself economic freedom and turns a blind eye to the political aspect of the economy. The fundamental problems with anglo capitalism are: 1. Money, an economic concept, and the freedom to accumulate as much money as one can possibly do, an economic freedom, wield real political power. The political power then acts as a positive feedback over the economic field resulting in an unstable polarized system. 2. The system assumes infinite resources. This is blatantly false both in the short term, economy grows only at X% annually, and in the long term, there is just one Earth and one Sun. This places people on the lower rungs of the economic system on an intrinsic inferior bargaining position, as their very existence is under question. This time the effect is that people on the top ownership rungs have more economic power, which acts as a positive feedback resulting in an unstable polarized system. Historically, anglo capitalism has been controlled via a number of negative feedback loops: A. Democracy, as a counterweight to point 1. The 99% used to have a significant share of the political power. Not anymore. There is no more democracy in America, it's a political market where the deepest pockets but the most representatives. B. Trade unions, as a counterweight to point 1 and 2. Trade unions used to have enough money to match the 1% contributions to politics. Trade unions used to give the 99% some bargaining power. Thanks to Reagan and the modern Republicans, there are no more trade unions to speak of. C. Taxes, as a counterpoint to 1 and 2. There used to be taxes, that both detracted from the ability of 1% to wield unfettered political power and served at building a safety net that improved the bargaining power of the 99%. Not anymore, we now raise about 25% less in taxes as a share of GDP as we used to (19& -> 15%), and the trend towards "smaller government" is only accelerating. We observe how the finest anglo capitalism economic entities have more and more power, both economic and politic. These economic entities are called "corporations". |