A Comment About

In Praise of Capitalist Inequality

November 6, 2011 - 12:00 am - by Paul Hsieh
mark
2011-11-13 14:27:04

To hmi

We do know the source of the corruption. It stems from the idea that it is the function of government to ensure a vibrant economy. In order to create and preserve a vibrant economy, policies were enacted making it legal for government to favor certain people or industries at the expense of all others. This takes the form of government provided subsidies, tariffs, bank deposit insurance, flood insurance, low interest rates and licensing requirements. These policies are part of the data used by individuals who act in order to remove the uneasiness associated with being alive. Individuals may act based on the data that says the best way to ensure the success of my business is to go to congress and win a grant or subsidy or protective tariff. These policies distort the way people would otherwise act. These policies encourage lobbying/corruption. The solution is to enact policies prohibiting government from encouraging or discouraging particular industries. The corruption you speak of will be considered a crime . Once it becomes a crime, acting man will look at this data and it will tell him that approaching congress for a subsidy or tariff may result in a waste of time at best and jail time at worst.