Replies to post #487806 on Zeev's Turnips Talk Politics (ZTTP)

[GEO928]

wall....there was a lot of truth in that article.....and, some areas of contention....

but, i think the important message it conveys is that mixing politicians and big business (an opportunity to acquire $$$$$$)results in a mess over time.....

this is a good summation of the "mess" created....

All large industries now face regulations and privileges. If the restrictions cost more than the privileges are worth, the industry suffocates, leaving nothing to tax or regulate. If the value of privileges exceeds the cost of the restrictions, then the industry takes advantage, and abuses occur for which regulators are blamed. Balance is crucial. If regulators take the heat, they impose more regulations. But those hurt industry profits. The industry in turn complains to regulators, legislators, and staffers. The government, instead of removing the restrictions, offers privileges to offset or compensate for the regulatory burdens. But those privileges lead to excesses and abuses, which lead to more call for re-regulation, and the cycle continues.

and, it takes us back to the idea of less regulation/political involvement in the market....less gov/ business collusion....

the corporate welfare state IMO is really an observation on corruption which feeds $$$$$$$ into the pockets of politicians and industry execs......