I did a video several years ago on the link between big government and big corruption, and I periodically revisit the issue by citing disgusting examples of sleaze and cronyism ranging from the Export-Import Bank to the racial spoils scam in Alaska.
The folks at Learn Liberty also have a great video on this topic, explaining how big government creates all sorts of unfair and corrupt advantages for politically connected large corporations.
Amen. Whether we’re talking about TARP bailouts, our loophole-ridden 72,000-page tax code, Obamacare favoritism, or green-energy scams, it seems like the federal government is a giant favor factory.
So why, then, are some people in favor of big government. Is it naiveté or are they part of the racket?
In any event, I highly recommend some other Learn Liberty videos.
- What’s better, free trade or protectionism?
- How government subsidies increase the cost of higher education.
- Is Obamacare constitutional?
- Examining how excessive federal spending is America’s real fiscal problem.
I especially like the last video since it echoes many of the points I made in my video series on the economics of fiscal policy.
