Friday, March 04, 2011

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:

RavingDave said...

Wretchard is exceptionally insightful. I enjoy reading his articles.