VIDEO: The Government is a Horrendous Private Sector Prognosticator
Really, Government -
You’re Making Free Market Predictions? (Please click here for the video.) We have before us – and the government – Comcast’s acquisition of Time Warner Cable. Which the Leviathan and the Left view as an opportunity to outright blockade the free market. Or, barring that, unilaterally impose many, many a la carte regulations – that they otherwise can’t get imposed – in exchange for Mother-May-I government-transaction-approval. These are known as regulatory “concessions.” Absurdly called that because we pretend the imposed-upon companies happily concede to these regulations – the same way I happily concede my wallet to the guys with the masks and the guns. These “concessions” are imposed – they claim – to try to mitigate what they think will be market harm resulting from the transaction. But really – who is LESS qualified to prognosticate what will happen in the market…than bureaucrats? Sadly, this is where we currently stand. In this video, we assess the situation – and implore the government to not yet again try to guess what’s going to happen, and preemptively regulate predicated thereon. Soothsayers they ain’t. (Please click here for the video.) Editor's Note: This first appeared in the PJ Tatler.