Oligarchic capitalists collude with government
Were it left to me I’d reform finance regulation all right, but it wouldn’t be a hasty process. It certainly would not include the oligarchic legislation in this bill. Adam Smith told us that capitalists would always collude to get government to make it tough for competitors to enter the market place; the current financial reform bill does this in spades. . .
When oligarchs try to do this, pretty much all the time, they make it lucrative for the politicians who collude with them, and they hurt the 'little' people. They hurt us. Think stealth taxes, fewer services at higher costs and everything you buy costing more than it should.
Thanks to Instapundit for the link.
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