One of the primary problems with so much power in the hands of corporation is that there are no constitutional protections of individual rights from corporate power. Corporations can supress your free speech, can read your e-mail, can fire you for no reason.
Also the idea that capitalism = democracy has become a sort of ingrained dogma of the religion of free market economics (I say religion because it does seem to be more based on faith than reason or logic. Also it 's followers have a tendency to denounce as 'commies' or 'socialists' anyone who questions this religion. Kind of like labeling someone a 'heretic'). In fact capitalism can and does function very well in fascist and totalatarian states.
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One of the primary problems with so much power in the hands of corporation is that there are no constitutional protections of individual rights from corporate power. Corporations can supress your free speech, can read your e-mail, can fire you for no reason. Also the idea that capitalism = democracy has become a sort of ingrained dogma of the religion of free market economics (I say religion because it does seem to be more based on faith than reason or logic. Also it 's followers have a tendency to denounce as 'commies' or 'socialists' anyone who questions this religion. Kind of like labeling someone a 'heretic'). In fact capitalism can and does function very well in fascist and totalatarian states.