Something I posted elsewhere
Actually, Madison and Jefferson were fearful of huge banks indirectly controlling an entire nation's destiny (which was the case with Great Britain). I think it was Jefferson who said he feared banks more than standing armies. Andrew Jackson shared the sentiment and outlined it in his 1832 letter to Congress as to why he vetoed renewing the Bank of the United States' charter. This not unlike the fear of large corporations, which I generally consider unwarranted.
What our Founding Fathers conceived was an ideal of liberty that enumerated very specific ideals of a limited federal government, to which was added a Bill of Rights to assure Patrick Henry and other opponents of the Constitution. Key to limiting the federal government's power was this simple phrase that is, well, simply ignored:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."
I'm one of those who says we don't need more laws, just good public officials who know what the Constitution says. Chuck Schumer obviously doesn't, because as I pointed out about his remarks against John Roberts' nomination, he said, "Now that he is nominated for a position where he can overturn precedent and make law, it is even more important that he fully answers a broad range of questions." (emphasis added)
As I pointed out before, even the most specific of restrictions can be perverted. Moreover, being a firm believer in the subjective theory of value, I fully oppose any law, especially a Constitutional amendment, that establishes a minimum price for government to meet. What we consider a high price may not be enough for certain people, who value their homes for very sentimental reasons. A family may not want to sell their home any price, because no amount of "just compensation" will compensate them. Whether it's the time they've owned the property, the labor put in to making it theirs, or the difficulty they had in securing the house, the rest of us have no right to impose an ultimate sale price on them. Should they be allowed to inhibit progress? I say, absolutely! We're a nation (supposedly) dedicated to the rights of the individual, not what's best for the majority. Besides, why is any particular location so critical that a government must have it, without exploring other options?
I shop regularly at Wal-Mart, Target and sometimes Home Depot. I choose their lower prices instead of sustaining local businesses that charge higher prices. Still, I disagree with the "subsidies" (which are actually tax breaks) that they -- or any business -- receive. If they are truly competitive, then they ought to be able to conduct business without tax breaks targetted specifically at them, special zoning, etc.
Apply the rule of law, and people will prosper in liberty and commerce. This includes eliminating all state "help" to businesses so they can all compete fairly. And if smaller stores lose to Wal-Mart, so be it. That's the free market, weeding out inefficient participants and encouraging the remaining ones to stay on their toes. It maximizes society's economic production.
Most of the "government helping" problem could be eliminated by eliminating all taxes on businesses. That would leave government with only one method of "assisting" their preferred businesses: direct subsidies, which voters tend to frown, as opposed to "tax breaks" that they might misconstrue as a good thing. For the sake of space, I won't delve into illegal actions like corruption, or large corporations seeking heavy regulations that only mildly hinder them but destroy new market entrants.
Many leftists today believe that businesses don't pay their fair share of taxes. It's actually a ludicrous notion that businesses pay taxes at all: they simply pass them on to their customers. The problem with taxing businesses is that it's not very transparent at all. The cost of paying taxes to a business is much higher than government calculating a slightly higher sales tax. Both will generate the same tax revenue, but businesses all over won't have to hire CPAs, so overall consumers will pay slightly less. For the same reason, a flat income tax (even with a sizable deduction per individual) is far preferable to our current system that costs Americans 6 billion hours each year.