It’s Not Left vs. Right, It’s Big vs. Small
Global corporations make token payments to anti-racism activists in the United States while funding the Chinese Communist Party’s racist dictatorship and sowing the destitution that causes unrest at home.
The primary contradiction in our society, the fault line that defines our politics and economy, is not Left versus Right. It’s big versus small.
Anyone surprised to see corporate America (an anachronism in itself) kowtowing to cultural Marxism is trapped in the old Left-Right map that tells us “capitalists oppose Marxists.”
But today’s landscape is dominated not by capitalists but instead by corporatists—and by any objective assessment, corporatism and socialism are birds of a feather.
Take John Kenneth Galbraith, the darling economist of the 1950s and ’60s. He posited a triumvirate of big business, big labor, and big government efficiently managing American society for endless affluence. No need to worry about a cold or hot war with the Soviet Bloc. In the “New Industrial State” he envisioned, the bureaucracies of Soviet Communism and Western corporatism would converge.
A half-century earlier, G. K. Chesterton noted little difference between (nominally capitalist) corporate bureaucracy and socialist bureaucracy. Insofar as a socialist society “was criticized as a centralized, impersonal and monotonous civilization, that is an exact description of existing civilization . . . [T]he unification and regimentation is already complete . . . Capitalism has done all that Socialism threatened to do. The clerk has exactly the sort of passive functions and permissive pleasures that he would have in the most monstrous model village . . . exactly the tastes and virtues he could have as a tenant and servant of the state.”
Centralized ownership of property and the means of production are hallmarks both of corporatism and Marxism. Both corporatism and socialism stand in opposition to a truly humane and free society founded on faith and privately owned, widely distributed property.
Supreme Court Justice Louis Brandeis believed the consolidation of ownership pursued by Wall Street financiers was the socialist’s best friend.
“Just as Emperor Nero is said to have remarked in regard to his people that he wished that the Christians had but one neck that he might cut it off by a single blow of his sword, so they say here: ‘Let these men gather these things together; they will soon have them all under one head, and by a single act we will take over the whole industry,’” Brandeis observed.
We are closer to that beheading now than many realize.
Small Business on the Brink
Small business startups are at a historic low. The Kauffman Foundation, citing its own research and U.S. Census data, reports the number of companies less than a year old as a share of all businesses had declined by nearly 44 percent between 1978 and 2012. MIT researchers found the four largest companies in the average industry had a significantly larger share of sales in 2012 than they did in 1982.
The consolidation of the financial industry coincides with consolidation in other industries. Small regional banks have been the prime lenders to small businesses, and as these banks get swallowed up or regulated out of existence, the independent businessman goes down with them.
Self-described progressives tend to be happy with this development. They profess to be for the little guy, but that does not include the owners of little businesses, a group that tends to be conservative. As opposed to small businesses, big corporations readily fall in line with the leftist social justice orthodoxies.
The long list of large companies giving millions to the Black Lives Matter movement is just the latest manifestation of the Left’s long-running alliance with corporatism and distrust of small holdings.
Historically, progressives and reformist liberals regarded small business as the enemy. They regarded monopoly as an inevitability, and the regulated monopoly was their preferred economic model. Gabriel Kotko documents how Progressive Era regulation served to entrench rather than dislodge big business and big finance.
The first generation of progressives considered the corporation to be more modern, efficient, and therefore more desirable than the small independently owned shops and workshops, which they saw as backward and dirty. There was more than a whiff of racist, anti-Catholic, and anti-immigrant bias to their ideology.
https://amgreatness.com/2020/07/01/its-not-left-vs-right-its-big-vs-small/