Thursday, December 30, 2010

We are abandoning the rule of law for the rule by bureaucrats

Forbes: Unelected officials have been given the power to fundamentally remake industries based on their political and value judgments...
Here, folks, we see the usual pattern of liberal, big-government demagogues. They proclaim that they — as the protectors of the people — will ensure the public gets many more benefits for much lower costs. When it becomes evident they can’t deliver on their promises, the demagogues turn to price controls, along with more threats and regulations, as the only way to “stem the greed.” As a result, companies that had been participating in the market begin to drop out, reducing competition and choice. The whole market becomes even more dysfunctional, and the government feels justified in stepping in for a full-scale takeover.

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