My heart's on the line, and I'm dying to go
Look at us now, gonna make it somehow
Hold onto me baby, can't hold me down
--Night Ranger
A couple months back, we discussed a thoughtstream that was making the rounds on the Left: the claim that people's actions and success is dependent on government, and that people should therefore feel obligated to suport such government-sponsored 'benevolence.'
Strangely enough, President Obama is now weaving it into his campaign rhetoric.
If the president persists with this approach, it will be interesting to see how Americans digest this claim. Some are already pushing back. And the satire is cranking up (see above example).
Rhethoric like this may serve to awaken many who have been in Matrix-like slumber.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
3 comments:
The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.
~Henry Hazlitt
From my point of view it would be difficult not to argue that these supportive subsidies and infrastructure base could in some way help large non innovative firms have continued success and gradually improve their processes, but it would be difficult to say that hands-on policy is a catalyst for creative improvements. The red tape, licensing restrictions, paper filing, and financing restrictions may even hamper innovation. Maybe it is a politician’s way of asking big corps to remember that protective economic policies will help them maintain their unfair competitive advantage, if only in filing gobs of paperwork, lobbying, and completing audits.
Good points. General rule is that govt intervention is good for incumbents, particularly large ones, and bad for small firms and potential entrants. Lots of research suggests most innovation comes from new entrants. Govt regs et al create substantial barriers to entry.
Thus, franchises of incumbents tend to be protected, and consumers suffer - pretty much the opposite of what interventionists propose will occur...
Post a Comment