Wednesday, July 15, 2009

http://blogs.abcnews.com/johnstossel/2009/07/powerful-gm.html

In this post, John Stossel makes the simple, obvious, often ignored point - what is 'power'? Who has it?

GM and other businesses can't take your money and your life like the govt can. However, when a govt is not sufficiently limited, its power becomes an irresistable force, creating massive incentives to bend that power to the will of those who compete to control it. The more limited a govt is, the less reason any would have to expend effort to gain favor from or control over that govt. This is the reason why so many paint business as the bad guys - they want a big, powerful govt to bend to their will, and don't like competitors, like GM and other large companies, who have both incentives and the means to compete with those who would rather not have to contest for control over the govt.

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