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Created on: March 27, 2009 Last Updated: June 11, 2009
When the U.S. Congress decided to buy G.M. and then buy used cars that get low gas milage-that was the invisible hand of corporatism picking the pocket of the future. Government efforts to prop up fossil fuel car production by stimulating new manufacture simply wastes natural resources and all on borrowed money. Corruption is piled atop corruption yet the invisible hand that tarps over the public reception of bank debt in Bush-Obama policy is thought to regulate in some way 'market' competition to produce better products...at this pace in two or three hundred years American cars may be fully electric yet the debt might be a half a google dollars. The global corporate market is a convenient corporatist entity that inhibits free enterprise that would rival the global corporate network.
The invisible hand theory of Adma Smith's 18th century Capital theory has transmogrified into an excuse for Spenserian rule by global corporations. It is an anarchic adaptation in support of big corporations and socialist union with corporatism. It is a negation of reason in preference for political tyranny by the wealthiest in a version of global oligharcy. Mr. Smith only intended for the Sovereign of England not to dictate trade relationships for the common man. In fact the invisible hand could be a gloved reference to the democrats of the period whom had opposed royal domination of commerce.
Corporatism has transcended the capitalist purpose of best allocation of resources and methods of production through coincidence of competition.. The inanimate evolutionary progression of capital enterprise is a political economic philosophy of mythic scale that has been largely eclipsed by the development of global corporatism through unintelligent design; most of the trans-national business world increasingly is subject to inertia and eviolution of a concentrating wealth newtowrk of power unintelligent in blind disrtegard for the externalities of individual interests and the ecological health of the planet Earth. J. R. Saul's wrote and excellent primer on corporatism (0released in paperback in 1999 named 'The Unconscious Civilization'
http://www.amazon.com/Unconscious-Civilization-John- Ralston-Saul/
The invisible hand is not the one that added a 800 billion dollars (more or less) to the national debt to bail out banks with 'toxic debt' covering it with a 'tarp' administered by Mr. Kaskari-neither is it the glass one with a hoverfan and remote control directed fingers that flies at
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