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Originally Posted by 10023
And huge "companies" have essentially run cities for as long as they have existed. They haven't always been limited liability companies (that was a 17th century invention), but there have been trade guilds (such as in the City of London) or wealthy families (such as the Medicis) far longer.
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Quote:
Originally Posted by 10023
But to stress the moral aspects of this is to misunderstand what cities are. A city is a concentration of economic activity... they exist for and because of big business interests.
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Um, if I understand the point you're making (and I'm not positive I do), you're suggesting it's fine when powerful private actors exert influence on the state to bend markets to their advantage (as did medieval guilds, the Florentine Medici and the Dutch and English East India companies in the 17th century): it's fine because amassing lots of privileges helps them to increase economic activity. But that's bogus: most historians agree that the monopolistic practices of medieval merchant guilds
reduced trade and hindered economic development until their power was broken by mercantilist state intervention, while the Medici bank collapsed under Lorenzo the Magnificent (and Florence was soon taken over by the doomsday preacher Savonarola). Using your economic clout to gain special privileges as Amazon and lots of other companies do is called rent-seeking, and no school of economists thinks a society which tolerates it will boost its productivity or economic output.
And of course huge companies haven't run cities 'for as long as they have existed' -- they certainly didn't run things in Rome during the time of Augustus or Athens in the age of Pericles, though those were fine cities, nor in the Madrid of Lope de Vega and Calderón de la Barca nor the Rome of Innocent X, Bernini and Borromini, nor in the Vienna of Mozart and Beethoven, nor in precapitalist Tenochtitlán, Edo or Peking. Huge companies have never, ever run Paris (even if it seems like you have to be a CEO to afford an apartment there today). None of those cities existed for and because of big business interests -- they didn't exist for and because of Beethoven either, but that of course drives home the point that one shouldn't dogmatically reduce cities to one single function. Thankfully they have myriads, which is why we shouldn't hand the running of them over to plutocrats or technocrats.