Academic

JOHN STOSSEL: Why Big Business Supports ObamaCare. ?When government is big, the well-connected alw?

By Glenn Reynolds

JOHN STOSSEL: Why Big Business Supports ObamaCare. “When government is big, the well-connected always have an advantage over the rest of us in influencing public policy. . . . It illustrates economist Steven Horwitz’s First Law of Political Economy: ‘No one hates capitalism more than capitalists.’” That’s because capitalism forces them to compete to serve their customers better. State-corporatism makes for happy producers, who don’t have to worry about what the consumers want.

UPDATE: Internal Memo Confirms Big Giveaways In White House Deal With Big Pharma.

Full post as published by Instapundit.com on August 14, 2009 (boomark / email).