Tuesday, November 29, 2011

Sanitizing Barney Frank's Corruption

In the weird world of The New York Times, corruption equals moderation.
Frank "talks often of the need for a 'grand bargain' between business and liberals." 

This has a name. It's called corporatism. Call it corporate socialism, or corporate welfare. It's also not a crazy idea, when you consider that business PACs are as likely to favor Democrats as Republicans. The way liberals and business form a grand bargain is by scrapping the free market in exchange for regulations that protect incumbents and subsidies to help pay for the regulations. Say, Dodd-Frank + TARP.

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