…Left-libertarians share with other leftists the recognition that big businesses enjoy substantial privileges that benefit them while harming the public. But they stress that the proper response to corporate privilege is to eliminate subsidies, bailouts, cartelizing regulations, and other state-driven features of the legal, political, and economic environments that prop up corporate power rather than retaining the privileges while increasing state regulatory involvement in the economy — which can be expected to create new opportunities for elite manipulation, leave corporate power intact, stifle upstart alternatives to corporate behemoths, and impoverish the public.
