The Roaring 20s happened in no small part because the newly-emerging corporate order could profit handsomely by taking undue advantage of a virtually unregulated interstate commons. It had gotten to the point where the largest corporations were rich enough to bully state governments into giving them whatever they wanted, or threaten to go elsewhere -- a clear sign that business was now operating at a scale where state government wasn't big enough, strong enough, or organized to put a meaningful boundary around corporate behavior. Structurally, this was an underlying cause of the "tragedy of the commons" we now recall as the Great Depression.And now:
Over the past four decades, we've begun to struggle with another quantum shift in scale. We've come to realize that oceans, arable land, aquifers and watersheds, and the entire atmosphere represent a global commons that every one of us depends on. At the same time, business roams the planet taking what it wants -- just as it roamed America in the 20s -- making unimaginable profits and creating irreversible damage (global warming, anyone?) because there's no one entity big and powerful enough to put a boundary around its activities and regulate its behavior.Basically, its the idea that business has sought unregulated territory in order to take whatever it wants, bully local governments from a faraway position of immunity, and escape
consequences. While in turn creating bad consequences for the people in areas the abuse (global warming, etc.) Makes you actually think that it should happen, even if it won't.
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