Quote for the day, badly-needed neologism edition

E.D. Kain has a great article up at Forbes today, riffing off of something you might have seen on CNN:

In particular, I want to focus on one of his comments about piecemeal deregulation:

For every good idea about removing government from our lives, there’s an opportunity for the powerful to take advantage of it – deregulatory capture, if you will. The process of faux ‘privatization’ is fundamentally flawed. Private actors who simply take state services over by profiting off of taxpayer money are no different than the government, after all, they’re just for-profit government.

(Emphasis added.)

Read the whole thing.


2 Responses to “Quote for the day, badly-needed neologism edition”

  1. August 18, 2011 at 15:07

    Is this really correct:
    “For one thing, people are much more willing to cut services for the poor rather than take on entitlements for the middle class, defense spending, or corporate welfare and subsidies. We are more likely to slash Medicaid before we slash prison funding or end the War on Drugs.”

    Most of the libertarians and classical liberals I’ve been exposed to oppose all of those (except defence spending) more that they oppose lower class welfare. I get that they’re talked about more, but I always assumed that that was simply because they are more expensive than all those other things put together, and they’re growing fast. (at least if you consider Medicare, Medicaid, and Social Security to be “services for the poor”)

    • August 18, 2011 at 15:45

      I wonder if Kain’s conflating a libertarian smaller-government agenda with the Republican Party’s stated smaller-government agenda. “Corporate welfare and subsidies” mostly equate to tax subsidies, and getting rid of (say) the mortgage interest deduction gets equated to “raising taxes” rather than “eliminating loopholes” by people with (R) after their names. Maybe he’s bringing in mainstream political inclinations among the folks who’re talking about reducing the deficit, and no politician whose last name isn’t Paul is likely to slash prison funding or end the War On Some Drugs.

      I suspect that most libertarians who blog about politics are middle-class or wealthier, just like most non-libertarians who blog about politics. That would seem to make “services for the poor” a more abstract (and thus easier) target than “entitlements for the middle class”, although I’d count Medicare and Social Security as “entitlements for the middle class” and I haven’t seen much in the way of hesitation to go after those, except when some Tea Party activist (who isn’t necessarily a libertarian) holds up a sign about “keep your government hands off of my Medicare” and the left-o-sphere swarms in.

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