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01/11/12(Wed)21:16 No.1087597http://bleedingheartlibertarians.com/2011/11/dear-left-corporatism-is-your-fault/
We
told you this would happen, but you wouldn’t listen. You complain,
rightly, that regulatory agencies are controlled by the very
corporations they are supposed to constrain. Well, yeah, we told you
that would happen. When you create power—and you people love to create
power—the unscrupulous seek to capture that power for their personal
benefit. Time and time again, they succeed. We told you that would
happen, and we gave you an accurate account of how it would happen.
You
complain, perhaps rightly, that corporations are just too big. Well,
yeah, we told you that would happen. When you create complicated tax
codes, complicated regulatory regimes, and complicated licensing rules,
these regulations naturally select for larger and larger corporations.
We told you that would happen. Of course, these increasingly large
corporations then capture these rules, codes, and regulations to
disadvantage their competitors and exploit the rest of us. We told you
that would happen.
It’s not rocket science. It’s public choice
economics. You recognized, rightly, that public choice economics was a
threat to your ideology. So, you didn’t listen, because you didn’t want
to be wrong. Public choice predicted that the government programs you
created with the goal of fixing problems would often instead exacerbate
those problems. Well, the evidence is in. You were wrong and public
choice theory was right. If you have any decency, it is time to admit
you were wrong and change. Stop making things worse. |
