Mega-corporations bad for economy

Reader C. Falk (Fence Post, May 10) thinks it's just awful that liberals don't like big business.

He feels big corporations "are critical to the success of our economy" and that if they collapse, so will we.

I would recommend he read the book, "Greenspan's Fraud," by Ravi Batra for a detailed discussion of why this isn't true.

The kind of mega-corporation we see today tends to create monopoly, which restricts competition and reduces workers' wages.

This, in turn, restricts consumption, retards economic growth and leads to unsold inventory.

This leads government and business to encourage borrowing to substitute for wages, which, in turn, leads to stock market bubbles, stock market crashes, and depression.

Worst of all, the mega-corporation concentrates so much wealth that its directors are able to bribe Congress and induce our representatives to subsidize their inefficiency with tax give-aways.

Our ancestors tried to prevent all this with anti-trust laws, but those laws aren't enforced by Republicans nowadays.

A fundamental aim of any Democratic, liberal administration should be the breaking up of the big corporations, heavy taxes on their directors, and the restoration of living wages for their workers.

Anthony Nelson

Rolling Meadows