The politics of the United States for over a century have been dominated by the idea that the power of government was required to restrain and manage the power of businesspeople in the economy.
In this interactive webinar, recorded Apri 15, 2013, William R Thomas explains the Objectivist view that economic power and political power are of two radically distinct kinds. But this is not to deny that there is no such thing as "market power' (tell that to Microsoft). It is not to deny that financial incentives and economic decisions by others can influence human life quite seriously. If one's livelihood and other important values can be threatened in the market, what makes economic power different from political power? Thomas is the director of programs at TAS and a lecturer in economics at the University and Albany.
Format: audio lecture with video slideshow (36 minutes), followed by answers to questions from the April 15 audience (61 minutes).