Joe
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- Oct 18, 2007
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I am continuously surprised at the faith people have that government is going to come to the rescue. Whenever their is an economic downturn - be it Argentina or the US or anywhere - people's first response is "What is the government going to do to fix it?" And we see this time and time again even though government "solutions" end up causing more problems. People still have hope - there's a term for it: "hopium".
Invariably those with power and money, enlist government officials to cater to their needs. In Japan just yesterday we saw a report on how the corporations and the regulatory agencies worked hand-in-hand to benefit each other - not the people. There is even a standard term that corporations use for gaining control of the regulators: "regulatory capture".
And yet people still have hope that next time will be different. We need to accept that governments will always succumb to the control of the powerful.
So what should we strive for? The smallest government as possible. With a small government the corporations will have less power to use public resources for their own benefit and their crony clients in government.
The answer is simple - strive for the smallest government possible.
Invariably those with power and money, enlist government officials to cater to their needs. In Japan just yesterday we saw a report on how the corporations and the regulatory agencies worked hand-in-hand to benefit each other - not the people. There is even a standard term that corporations use for gaining control of the regulators: "regulatory capture".
And yet people still have hope that next time will be different. We need to accept that governments will always succumb to the control of the powerful.
So what should we strive for? The smallest government as possible. With a small government the corporations will have less power to use public resources for their own benefit and their crony clients in government.
The answer is simple - strive for the smallest government possible.