Samizdata's Quote Of The Day for July 13, 2009:
“It has always been one of libertarianism’s insights…..that massive concentrations of government power are more likely to be used to benefit other huge concentrations of wealth and power than help the needy or downtrodden…the powerful few who benefit from government action are more highly motivated to work the mechanisms of democracy to their benefit than are the masses who all pay a little – often too little in each specific case to feel it worth fighting, or even knowing about – and thus win in the democratic game of shifting property and wealth from person, or group, to another. If a government were restricted to its libertarian minimums of protecting citizens’ life and property from force and fraud, all a corporation could do is to try to sell us something and we could decide whether or not to buy. It couldn’t tax us for its benefit, raise tariffs on its competitors to make their products more expensive, subsidize bad loans or overseas expansion, or take formerly private property on the grounds that it will make more lucrative use of it than would the former owner.”
Brian Doherty, Radicals for Capitalism, page 589.