Tuesday, October 18, 2011

no. 74

"But in rejecting one set of knowledge-limited meddlers -- 100,000 civil servants -- libertarians and conservatives seem bent on ignoring market manipulation by 5,000 or so aristocratic golf buddies, who appoint each other to company boards in order to vote each other titanic "compensation packages" while trading insider information and conspiring together to eliminate competition. Lords who are not subject to inherent limits, like each bureaucrat must face, or rules of disclosure or accountability. Lords who (whether it is legal or not) collude and share the same delusions."

David Brin, discussing the change (and failure) of American Conservatism.

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