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View Diary: The Myth of the "Consensual" Marketplace (124 comments)

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  •  and along with that equal access to information (6+ / 0-)

    which enables all parties to make an informed choice.

    A very large part of corporate and oligarchical power is control of information... which is at least as harmful as state control of information if not worse since it is more pervasive on a day to day basis... seen and unseen.

    The whole reason we attempt to prevent insider trading in the stock market is one that we all understand and yet fail to apply in the wider economy. As weakly enforced and easily circumvented as it is on Wall street and investment banks it is open season and largely absent in the wider economy. Buyer beware trumps all the labeling laws, quality, pollution, fair lending laws, lemon laws and more. The attempts were made but all watered down, repealed, neutralized and the facts distracted from if not just made invisible.

    "Make them an offer they cannot refuse"... the Don Corleone ethos underpins our brand of free enterprise... and it works best for the corporate-sized Tony Soprano wanna-bes if the offer is made outside the awareness of those who will pay... being made to agree to a deal they don't even know is being made.

    Pogo & Murphy's Law, every time. Also "Trust but verify" - St. Ronnie (hah...)

    by IreGyre on Sun Mar 24, 2013 at 10:38:15 AM PDT

    [ Parent ]

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