August 14, 2009

JOHN STOSSEL: Why Big Business Supports ObamaCare. “When government is big, the well-connected always have an advantage over the rest of us in influencing public policy. . . . It illustrates economist Steven Horwitz’s First Law of Political Economy: ‘No one hates capitalism more than capitalists.'” That’s because capitalism forces them to compete to serve their customers better. State-corporatism makes for happy producers, who don’t have to worry about what the consumers want.

UPDATE: Internal Memo Confirms Big Giveaways In White House Deal With Big Pharma.

ANOTHER UPDATE: Six lobbyists per lawmaker.

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