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The Left-Rothbardians, Part I: Rothbard

… I’d go Rothbard one further. Why is the criterion for de facto government status the amount of profits directly subsidized from state revenue? What about corporations that function within a web of state regulatory protections, and artificial property rights like Bill Gates’ “intellectual property,” without which they couldn’t operate in black ink for a single day. Anyone who’s read much of my work for any length of time knows that I consider the entire Fortune 500 a pretty good proxy for such de facto branches of the state. As I already argued in an earlier post, the largest corporations are so intertwined with the state that the very distinction between “public” and “private” becomes meaningless. …