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Frank Loomer's avatar

I dont think this has anything to do with standardized testing, Phil, which is what i was responding to. Corporate profit maximizing is no different than what you find in Adam Smith. Modern technology though has had a huge effect on centralizing economic institutions and creating oligarchies and virtual monopolies, in fact the corporate barons justified a lot of their monopolistic behavior on just that fact. It's been on and off bouts with state regulation ever since. I guess you need to take this up with virtually every American administration since when, whether Dem or GOP. I guess you could say the Marx was right, after all. He condemned it. David Hume and many others have praised it.

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Phil Balla's avatar

". . . monopolistic behavior" has "been on and off bouts with state regulation ever since."

Nice, Frank.

I've been reading the recent book by William Hogeland, "The Hamilton Scheme." All about this founding of the U.S., with the need to placate the money connections as central.

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