Monday, June 30, 2014
A further note on laissez-faire
Another thing: If Repubs are going to oppose Ex-Im Bank on grounds that it is interference with the 'free market', one might think they would have to take on a big chunk of the U.S. economy, where oligopoly reigns (h/t). Unless their position is that oligopoly and monopoly are fine, provided that they arise from 'free-market' competition. If competition leads to one or two or three firms dominating an industry, so be it. But heaven forfend that government should "pick winners and losers." No, we can't have that.