Going back to U.S. Steel and the railroads, the story of big business in America is often as not the story of fat cats rigging the system. And the story of progressivism is the same tale. The New Deal codes were mostly written by big business to squeeze out smaller competitors. The progressives fought for these reforms on the grounds that it’s easier to steer a few giant oxen than a thousand cats.But health care is the most troubling example of the trend. Washington Post columnist Robert Samuelson notes that while everyone has been debating the government takeover of health care, what’s really transpired is health care’s takeover of government — thanks to what he calls the “medical industrial complex.” Already one in four federal outlays are for health care; government pays, directly or indirectly, for half of all health-care costs; and the entire industry is heavily regulated. Obama’s answer to this state of affairs is more — much more — of the same, on the phantasmagorical grounds that it will cut costs.
Friday, December 11, 2009
Jonah Goldberg: The Real Fat-Cat Party
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