Thursday, July 15, 2010

The Profiteers in the Redistributive State

“Those who bought stock in the redistributive state before it began its dizzying rise have done well. Professors of the social sciences, powerful business executives, high government officials, successful politicians, recipients of tax money and implicit grants in an almost infinite variety of forms, heads of research institutes, lecture-circuit gurus, international consultants, humanitarian leaders with well-watered reputations for benevolence—they all radiate the aura of wisdom belonging only to those who buy at the bottom and ride their investment up a one-way escalator.” (Herbert Schlossberg, Idols for Destruction, p. 134-135).

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