Category Archive 'Government vs. Business'

21 Apr 2010

Worshipping Leviathan

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My liberal classmates rant and rave regularly about the nefarious behavior of Wall Street banks and big corporations, but in their eyes government can do no wrong (as long as Republicans are not in charge).

Coyote reflects on the strangeness of the statist perspective.

I have total sympathy with those who distrust corporations. Distrust and skepticism are fine things, and are critical foundations to individual responsibility. History proves that market mechanisms tend to weed out bad behaviors, but sometimes these corrections can take time, and in the mean time its good to watch out for oneself.

However, I can’t understand how these same people who distrust the power of large corporations tend to throw all their trust and faith into government. The government tends to have more power (it has police and jails after all, not to mention sovereign immunity), is way larger, and the control mechanisms and incentives that supposedly might check bad behavior in governments seldom work.

Hat tip to the Barrister.

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