I dislike the use of war metaphors in economic thinking, because economic exchange is not warlike; it is peaceful. In this case, however, I think it's apt. The principle is simple: when you build a fort, it can be taken from you, and used against you. Thus, when people think that government legislation protects them against corporations, they are sadly misguided. Some might .... but it's not a given.
posted at: 20:04 | path: /economics | permanent link to this entry