Sunday, April 12, 2009

Tim Carney on big business and big government

Timothy Carney, author of The Big Ripoff: How Big Business and Big Government Steal Your Money, gives a speech entitled, "Building a Culture of Enterprise in an Age of Bailouts", at the Heritage Foundation.

As Tim notes in the beginning of his talk, the idea that big business and government are sworn enemies is more of a well-promulgated myth than a current reality. In fact, as Tim explains in this video, big business is often an advocate for big government and increased regulation of industry.

While the idea that big business "wants more government involvement in industry" was, until very recently, an unbelievable proposition to most casual observers, the recent financial crisis (with its ensuing bailout mania) has revealed how the two can often be closely allied.

Hat tip to John Carney for highlighting this recent clip.

For those who would like to hear more about the alliance of government and big business, see our past commentary and Robert Higgs' recent interview on C-SPAN in our related posts section below.

Related articles and posts:

1. Government and big business - Finance Trends.

2. Robert Higgs interviewed on C-Span - Controlled Greed.