Friday, June 10, 2011

Protecting the Economic Elite

Amplify’d from

When the state seems to “tighten the screws” on commercial power, limiting its range of motion for (supposedly) the consumer, the outcome is to reduce the field of competitors. Only the savviest, richest and most well-connected business players will be able to afford compliance with the state’s largely arbitrary rules, so only small businesses — those without K Street suits hovering about Congress — end up losing.

It’s true that regulations cost Big Business money, but all of those added costs are more than recouped through the monopoly prices huge corporations are able to charge as a result of state intervention. At bottom, the state has never been anything but a money machine for economic elites, erecting barriers and tolls throughout our commercial interactions to make sure that the “free” part of “free enterprise” never actually reaches the people it would help most.


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