PEEK

The U.S. Chamber of Commerce: Threat To Capitalism

The Chamber of Commerce doesn’t get it. They aren’t defending capitalism and free enterprise. They are all but destroying it.

Eric Lotke is the author of 2044: The Problem Isn’t Big Brother, It’s Big Brother, Inc., a look at a not-so-distant dystopian future in which multinational corporations openly rule the world.

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The U.S. Chamber of Commerce launched yesterday “a sweeping national advocacy campaign… to defend and advance America’s free enterprise values in the face of rapid government growth and attacks by anti-business activists.”

The Chamber of Commerce doesn’t get it.They aren’t defending capitalism and free enterprise. They are all but destroying it.

Free-market fundamentalists don’t understand that capitalism is a system. It has rules, boundaries and obligations. When those rules are broken, the system falters.

• It’s not football without lines to mark touchdowns and out of bounds.
• It’s not basketball without a referee to call the fouls.

This is more than just a sports metaphor. Capitalism won’t work unless a negotiated price and promise to pay $100 is followed by payment of $100. And someone needs to enforce those rules. Otherwise it's not capitalism. It’s robbery.

These rules operate at every level.

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