VIDEO: The Government is a Horrendous Private Sector Prognosticator
April 22, 2014 - 6:00 am
We have before us – and the government – Comcast’s acquisition of Time Warner Cable.
Which the Leviathan and the Left view as an opportunity to outright blockade the free market. Or, barring that, unilaterally impose many, many a la carte regulations – that they otherwise can’t get imposed – in exchange for Mother-May-I government-transaction-approval.
These are known as regulatory “concessions.” Absurdly called that because we pretend the imposed-upon companies happily concede to these regulations – the same way I happily concede my wallet to the guys with the masks and the guns.
These “concessions” are imposed – they claim – to try to mitigate what they think will be market harm resulting from the transaction.
But really – who is LESS qualified to prognosticate what will happen in the market…than bureaucrats?
Sadly, this is where we currently stand.
In this video, we assess the situation – and implore the government to not yet again try to guess what’s going to happen, and preemptively regulate predicated thereon.
Soothsayers they ain’t.