Adam Smith called this “mercantilism” in his work, The Wealth of Nations, in 1776, and it was one of his central strawmen.
From the dream team of Diane “DiFi” Feinstein and Susan “MiniDi” Collins seek to “protect” you by destroying small businesses…
Here’s “clarification” on what the law is alleged to require…but then again, it’s not like Feinstein has lied to the public — baldfaced — before. The point of the law is clear: to protect big cosmetics from competition by small companies by claiming some kind of danger to the public. It’s bullshit, of course; these aged crones are doing what everyone in Congress does — screw the middle class to help their big biz friends.
Congress is currently moving to screw every American with a new law that would allow states to collect taxes from outside their jurisdictions, citing internet, interstate commerce as a reason. The idea is that mom & pop places are getting hammered by internet sales. This is patently not the case; point of fact, many of the internet vendors that work through Amazon.com, Overstock, etc. are the mom and pop stores. The main cronies behind this bill are the large brick and mortar stores that cannot adapt to the new commercial models internet-based trade has created and want the government to play the protectionist game, yet again; the other players are the states — badly managed, failing to balance their budgets by cutting unnecessary spending, and which are desperate to gin up more sources of cash to waste.
If this bill goes through, small online markets would have to content with 9,646 different tax regions and codes. It wouldn’t help you the customer. It won’t help the states plug their budget gaps. It will only aid (and not much) the big box stores.
Here’s one group fighting them: NetChoice. Contact your senators and fast — they’re poised to pass this turd to protect their big-money friends at Target and Walmart.
Here’s Nick Gillespie talking with Patrick Byrne of Overstock.com:
Here’s a link to Sheldon Richman’s excellent article on the state of the “free market” in The Freeman. In short, Richman refutes the idea that we live with a free market or a “capitalist” system as it is traditionally portrayed, but rather a corporatist system in which private industry is directed by political goals of government, and competition is quashed in favor of a privileged few players…like, say, AIG or General Motors, or Solyndra. We’re told that these companies act as a public good and are necessary, but in the growing internet age — where knowledge if slippery and IP is maleable, where people expect to not be impeded by their government and their corporate cronies — Richman suspects that corporatism (or to be more correct, mercantilism — the very evil Adam Smith railed about in The Wealth of Nations — or to use a more modern term, fascism: the view of the state as a corporate entity in which the private sector were “the leg”, the military “the arms”, the government “the head”, and the people “the heart” of the corpus d’etat) will crumble under the weight of debt and ossification.