Some great sentences from Jonah Goldberg’s Et Tu, Big Business? Some good stuff:
Once-proud companies like GE have become seduced by global warming schemes, because they recognize that there’s more money to be made selling white elephants to Uncle Sam than there is selling competitive products consumers want.
Also this week, the White House announced its plan to deal with “systemic risk” in the financial markets. The basic idea is that big firms — giant banks, insurance companies, etc. — cannot be allowed to fail if their failure threatens something called “stability.” The Obama administration is confident that with its new organizational flow charts and enhanced job description for the Federal Reserve, bureaucrats will suddenly see clearly what they couldn’t see before. These regulators will know exactly when bubbles get too big, when booms last too long, and when tens of thousands of managers, investors, actuaries and bankers make bad or sub-optimal decisions.
While doctrinaire socialists might feel betrayed by liberalism’s cozy embrace of big business, their betrayal pales in comparison to the bitterness of free-marketers who defend big business’s freedom to operate, only to see these businesses use that freedom to hide behind the skirts of the nanny state. Real freedom means the freedom to fail as well as succeed. Big business wants to be protected from the former and deny competitors the latter. And their betrayal, more than anything, disheartens those who would defend both freedoms.
A common misunderstanding is that businesspeople are free market supporters. Many aren’t. Most don’t understand the concept. Others believe that limiting their competition and forcing people to buy their products is a good scenario, mainly because they won’t be held accountable for their incompetence and will get to hang on to their esteemed jobs.
Yet, none of this is surprising in the society of scoreless t-ball leagues. Results don’t matter anymore. Politics do.
Any Boards out there looking for ideas on how to get by in a competitive market without being absorbed by the government, give me a call.