Thursday, January 31, 2013

Who We Should Occupy

Salute to John C. Wright, who had this on his blog:

I like this guy. He tells the truth, and he has his head on straight.

One of his points that I'd like to more strongly emphasize is that smaller businesses are crowded out by regulation, and megacorps are the natural adaptation of business to extreme regulation. Furthermore, a megacorp is always going to have an easier time ensuring that no regulations to onerous to survive will affect them, by buying legislators, sending its lackeys as moles into regulatory agencies, or both.

Another is that subsidy and bailouts are theft, not laissez faire or capitalism.

A third is that we in the US also have a central bank, and it's the Federal Reserve. And it is almost entirely outside the law.

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