Capturing The Rent Seekers
I have adapted something Wretchard said at The Belmont Club. I added the part in BOLD.
Increasing the power of government without a corresponding increase in transparency, does not, as many liberals believe, lead to the control of “rent-seeking capitalists” by the state, but control of the state by “rent-seeking capitalists”.It is pretty much inevitable. Smaller government is the answer. Then citizens have less they need to pay attention to in order to keep government sorta honest.
1 comment:
Wretchard is exceptionally insightful. I enjoy reading his articles.
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