Wednesday, April 29, 2009
Reverse-Mercantilism
Mercantilism is an economic system which strives to increase governmental wealth by taxing and regulating government owned corporate entities. Reverse-mercantilism is an economic system which strives to increase corporate wealth and monopoly by subsidizing some corporate entities while regulating, taxing and controlling borders (blocking outsourcing and creating tariffs for all competitors). Usually those within government have some investment within these corporate entities and have a huge incentive to do this which usually ends any prospects of a continuing free market (i.e. a mixed market that leans towards freedom).
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