If there is no government intervention into the economy of any kind, how can corporations have any effect buying politicians?
*I just reread my post and i'm tired and cant tell if it seems incoherent. If it is then I apologize*
Because if you have removed the government entirely as a regulator or watchdog then what is the next step?
Use the government to "assist" your profitability of course. Paying politicians to let you raid the vast tax coffers is incredibly profitable and negotiated by someone on your payroll with someone else's money.
Big business has no loyalty to free market principles. They use them or cheat them, whatever benefits them. It wouldn't be long before government was taking actions to distort the market IN FAVOR of the business's that invested enough in the politicians.
Whats to stop the military industrial complex from exerting influence to bring us into military conflicts to boost their profits?, much of which get passed back to the eager politicians who enabled the whole thing. I would argue this is a major reason we went into Iraq. $$$$$$
History should show you that these kinds of endeavors are the norm for the financial elite, always have been, always will be. There is still a ruling class and the ruled class.
Once we have removed the regulatory mechanisms then there would be no going back. Russia (as it is now) has some lessons for us in that regard. Not the same situation obviously but serves as a warning nonetheless.
I think my fundamental difference with many is that I don't think a "pure profit motive" has the inherent checks and balances in it like some seem to think. It only has those in ideal circumstances. How easy would it be for Microsoft to have completed its near monopoly during its rise if allowed? You think you would stand a chance starting a business and competing with them? Do you think most companies have a loyalty to the "competition" principle? What about "equity of information"? You think they use framing to circumvent demand side principles?
It supports all that only when it benefits them. When they are big enough that it doesn't anymore they find ways around them.
The entire abstract goal of all business is to maximize profit. The most efficient means to do so is from the position of a monopoly. If given the chance ALL business's aspire to achieve a monopoly.
I'm a fan of capitalism and think its the best system we've come up with but its still a work in progress. Its not a true science like most seem to think. We shouldn't act like we've got it all figured out.