Levathian Inc.

Posted on August 9, 2010 by

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Governments seem to have forgotten that picking industrial winners nearly always fails.  Government intervention seems to have become a global phenomenon.  Long gone are the fears of unintended consequences.  The last major financial crisis has been used by politicians to make the concept of a “nanny state” more and more acceptable.  The economist makes a compelling argument why all this intervention is simply a “bad old idea”.

Read more in The Economist

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