he Wall Street Journal Defends the Predator State

[Cold Highway]

Hmm, that's interesting. Even hardcore-progressive activists smell a rat in the emerging healthcare "reform" bills, and accuse Obama of being a "charming liar" by selling out to "Big Pharma" and other villains.

What we have in Washington is the worst of both worlds: the government is greatly expanding its role in healthcare, and is at the same time redistributing billions from regular Americans into the pockets of politically connected corporations.[1] (The same thing is playing out with cap-and-trade legislation, as I explained recently on Fox Business.)

Granted, Republican congressmen — with one notable exception — aren't actually proponents of a truly free market. They typically oppose only certain types of corporate welfare, while generously supporting other types (such as military contracts). Even so, Senators Grassley and Thune are perfectly correct when they claim that a "government option" in health insurance would not be true competition, but instead act as a predator on the market. Unfortunately, Thomas Frank has no grasp of even basic economics and ends up writing sentences that would embarrass USA Today, let alone the Wall Street Journal:

If "health care" passes in its current state we're going to be so screwed.

Campaign For Liberty — The Wall Street Journal Defends the Predator State   | by Robert Murphy