Wednesday, November 19, 2003

The Guaranteed Recession Act of 2005

Howard Dean is revving up the anti-corporate faithful with a plan for 're-regulation' of, it seems, pretty much every industry he can think of. What better way to inspire consumer confidence than to have every major company micro-managed by a slow moving bureaucracy with no direct stake in the outcome of their actions? And with more government control over corporate practices, I don't suppose that would inspire even more rent-seeking lobbying to get Congress to write the rules in a way that disadvantages competitors or erects greater barriers to entry in the market. I would have thought it would be a tough contest, but Dean has easily captured the Most Idiotic Policy Announcement of the Democratic primary so far. It makes Kucinich's Department of Peace look like the flat tax.

Respond

No comments: