Stossel: The Parasite Economy

This quickly creates a culture where businesses conclude that the best way to prosper is not by producing superior goods, but by lobbying. Politicians then tend to view those businesses the way gangsters used to view neighborhood stores, as targets to shake down.
Says Boaz, “You have politicians and bureaucrats and lobbyists coming around to these companies and saying, hey, nice little company you’ve got there, too bad if something happened to it. … They start suggesting that maybe you need to make some campaign contributions, maybe hire some lobbyists, and maybe we’ll run an anti-trust investigation, and maybe we’ll limit your supply of overseas engineers. And all of these things then drag these companies into Washington’s lobbying culture.”

Click forth and read all:

via The Parasite Economy –