Dr. Richman offers his view of Mr. Obama's recent State of The Union Address at The Freeman.
He cautions us:
"Don’t be misled by Obama’s pledge to review existing regulations. The corporate elite will be happy to see the elimination of regulations that are burdensome — to them. But regulations are only half the corporatist story. The other half consists of the myriad subsidies, guarantees, and monopoly rents – such as from intellectual “property” – that buffer incumbent companies from the bracing winds of competition."
Read the entire article here...
