Tuesday, September 27, 2011

In today's economy profits are privatized while risks are socialized

The ever readable Matthew Continetti talks about Solyndra but his tag line could be talking about any Federal initiative.  No matter what we do, the lobbyists and rent seekers are closer to the centers of power than the people.  The obvious, indeed only answer is to radically reduce the power of the center.  Then the plague of locusts will disperse, making them easier to squish.  More here.

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