Avatar of admin

by

Why Special Interests Try to Take Control of Governments

January 31, 2018 in Economics

By Hunter Lewis

marionette.PNG

By: Hunter Lewis

George Monbiot, popular Guardian columnist, beacon light of global environmentalism, is also the kind of progressive who insists on seeing the world as he wishes it were and not as it really is. Wearing these kind of blinders will not help us get a better environment or better world.

In his latest column, Monbiot states that: “The forces that threaten to destroy our wellbeing are… the same everywhere: primarily the lobbying power of big business and big money, which perceive the administrative state as an impediment to their immediate interests.”

This is nonsense. Big business and big money, along with other special interests, such as Big labor and Big law and Big education, and all the other “ Bigs” absolutely love the “administrative state” because they have learned how to control it and use it for their own self-interest.

This is the “ progressive paradox” that Monbiot resolutely ignores: the more the state increases its powers over the economy, the more motivated special interests become to take control of the state in order to thwart genuine market competition. The resulting corruption just gets worse and worse.

Has Monbiot ever considered what persuaded enough voters to hold their noses and choose Trump? It was not that the administrative state provided honest government under the prior administration. Nor was the prior administration making any effort to hold back the power of special interests in Washington.

Two examples will suffice. In the “fiscal cliff” bill, President Obama achieved his long sought objective of increasing taxes on the rich. But in the same bill, passed at midnight, he snuck in subsidies for his own corporate supporters. These subsidies added up to more money than the additional taxes on the rich could possibly generate. In total, taxes on the rich did not really go up. It is just that some money was extracted from some rich people and more was given to others. The green energy subsidies in the Stimulus Bill were similar; they went largely to campaign donors.

Monbiot does not trouble himself with any of this. In his worldview, more government is always better and always better for the environment. What he does not consider is that if progressives had delivered honest government for the past few decades of economic and environmental bubble and bust, Trump would never have been elected, and the particular special interests cheering his dismantlement of environmental protections would never …read more

Source: MISES INSTITUTE

Leave a reply

You must be logged in to post a comment.