Corporate Communism

August 23, 2011 | By | 2 Replies More

I’ve sometimes referred to the telecom industry as “communist.” After all, if the AT&T and T-Mobile merge is approved, that bigger version of AT&T would have 80% of the wireless market. That means one player would dominate an industry.   If you don’t like the phone service you’re getting, don’t have a phone.   Communism, whether the Soviet or the Capitalist version, stifles innovation and causes customer service to stagnate.  It also forces consumers to pay artificially high bills because there is no competition.  Dylan Ratigan has picked up on this comparison too:

Lately I have been using the phrase “Corporate Communism” on my television show. I think it is an especially fitting term when discussing the current landscape in both our banking and health care systems.

As Americans, I believe we reject communism because it historically has allowed a tiny group of people to consolidate complete control over national resources (including people), in the process stifling competition, freedom and choice. It leaves its citizens stagnating under the perpetual broken systems with no natural motivation to innovate, improve services or reduce costs.

Ergo, we need to stamp out communism everywhere we find it, even when it exists in a capitalist system like the United States.

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Category: Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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  1. Erich Vieth says:

    More from Dylan Ratigan on “corporate communism”:

    Lack of choice, lazy, unresponsive customer service, a culture of exploitation and a small powerbase formed by cronyism and nepotism are the hallmarks of a communist system that steals from its citizenry and a major reason why America spent half a century fighting a Cold War with the U.S.S.R.

    And yet today we find ourselves as a country in two distinctly different categories: those who are forced to compete tooth and nail each day to provide value to society in return for income for ourselves and our families and those who would instead use our lawmaking apparatus to help themselves to our tax money and/or to protect themselves from true competition.

    http://www.dylanratigan.com/2011/08/23/the-cost-of-corporate-communism/

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