A good Rule

Nassim Taleb is one of my favorite thinkers.  He has written a very interesting list of rules in the FT today.  Chief among these is as he puts it: 2. No socialisation of losses and privatisation of gains. 

We have, as he suggests, combined the worst of capitalism and socialism. I think that the worst mistake the liberal and the lay person makes these days is that anti-Corporatism is anti-Capitalism. If we really had capitalism we would not have all these behemoth corporations. We would have a smaller, more entrepreneurial society. 

It is socialist impulses that create large corporations. When tax, reporting, zoning, environmental regulation, min wage–whatever socialist laws you like–are put in place, it changes the economies of scale for doing business. Now only large corporations can spread these costs over enough units to stay afloat. 

Here is what I am saying: The same retards that clamor for 'buy local' and independent businesses vote for the very policies that make these businesses fail.

Here is the easy solution: Constitutionally limited government. This is what our Founders wanted to avoid. They have been diluted through 250 years of lobbying by big business or elites claiming to act for the 'people'.

I will say it again so even the dullest can appreciate it: pro-capitalist policies are often the exact opposite of pro-corporate policies. If we limited our government once again so that it is not for the socialist desires of the elite and big business, we would then have the small local, entrepreneurial economy that yuppie troglodytes claim they want.