From today's Wall Street Journal on the great Freidrich Hayek
"Even when the state tries to steer only part of the economy in the name of the 'public good,' the power of the state corrupts those who wield that power. Hayek pointed out that powerful bureaucracies don't attract angels—they attract people who enjoy running the lives of others. They tend to take care of their friends before taking care of others. And they find increasing that power attractive. Crony capitalism shouldn't be confused with the real thing."
Read the whole thing.
Subscribe to:
Post Comments (Atom)
Woke Terror
I recently heard a new phrase that stuck in my head like a dart in a dart board - Woke Terror . In our world a formerly innocent remark...
-
Quick! Who is the father of Fascism - the man who named the political philosophy? Joseph Stalin Adolf Hitler Benito Mussolini Act... -
Almost everybody in the IT business is familar with Gartner and Magic Quadrants. Here's another useful visua l from Thomas Wailgum at CI... -
I promised to concentrate on Information Technology in this blog. This, however, is just too good to pass up. If you're one of my freque...
No comments:
Post a Comment