Wednesday, September 27, 2006

Big Business and Big Government in Cahoots?

Say it Ain’t So!. Actually, it is so. And has always been so. Which is why economic liberty is really only defended by a relatively small group of intellectuals.

Here’s a nice snippet from the Stossel article:

“Most people don't realize that Enron favored the Kyoto Protocol on climate change and wanted energy regulations beneficial to itself; Philip Morris favors tobacco regulation; Wal-Mart's CEO came out for a higher minimum wage; and General Motors embraces tough clean-air rules. Why? Because, as Carney points out, big companies with lots of lawyers and accountants can make the regulations work for themselves, while smaller competitors are hampered.”

Wanting to make a profit doesn’t necessarily make you a capitalist.