When Corporatism Masquerades as Liberty

In “Capitalism Unmasked,” Econ4′s joint project with AlterNet, Edward Harrison writes on the peril to democracy posed by out-of-control credit markets:

“Corporatism masquerading as Liberty” … is a sort of crony capitalism steeped in the language of liberty that some are using to remove the protections we have built up to uphold and safeguard our individual rights. The goal of this corporatism is to give corporations the sorts of liberties that permit them to use their size, influence and money to tilt the playing field to their advantage. Absent any kind of regulatory oversight, these behemoths can run roughshod over individuals, trampling their rights and liberties in the process.

Read his piece here.