December 12, 2013
MICKEY KAUS: “The Obama Administration continues to blaze new paths to corporatism (the cozy alliance of government with a few big businesses in each industry to the exclusion of smaller players).” All in the name of helping the little guy, of course. But wait, there’s a downside:
Obama’s second, FDA-style form of corporatism might ironically pose a serious threat to the Washington economy. After all, if all regulations are hashed out informally around a table between regulators, a few oligopolists and industry trade associations**-well, will we need so many lawyers to litigate rules in formal, quasi-judicial agency proceedings, and then to sue to get them overturned in court? Covington & Burling could lay off half its partners.