Just like Gary Becker agrees with me on the Efficient Market Hypothesis, now I see that the inimitable Charles Krauthammer agrees with me on Corporatism as an evil to be avoided. Here's a quote from a recent television appearance (emphasis mine).
"Now, what's troubling here is not that the administration is only trying to get companies to . . . hide the fact that [Obamacare] is going to cost, [that] it's not a free lunch as it has been pretending — but it's the attitude of the Democrats in Washington. It [Washington] takes over businesses: Chrysler, G.M. it takes over student loans, it nationalizes it [the student loan business] without a debate at all. And then there is also this attitude that Chairman Waxman will call on the carpet a corporation CEO to explain its actions as if corporations aren't independent entities who produce a product to make a profit but agents or wards of the government who have to answer for every action.
It's the kind of corporatism you see in Europe."
These guys are getting smarter every day.
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