Armed And Ready
November, 2012
Brian Cook's report on crony capitalism, or crapitalism, as we libertarians call it, is an amazing piece of writing("Our Corporate Masters," September). One reason our regulatory system has failed is that in order to regulate, one needs experience. The people who have experience work for the companies being regulated. So these people leave their jobs, work for a year or two at the agencies, create regulations that favor their industry, then return to their private-sector jobs. Small bu...
