Madam Warren

by Don Boudreaux on November 15, 2016

in Crony Capitalism, Reality Is Not Optional

Here’s a letter to the Wall Street Journal:

Sen. Elizabeth Warren is upset that President-elect Trump’s transition team includes many corporate lobbyists (“Elizabeth Warren Criticizes Donald Trump Over Lobbyists in Transition Team,” Nov. 15).  Well now.  Sen. Warren is second-to-none at empowering Uncle Sam to exercise broad discretionary powers over corporate affairs – powers that, if exercised one way, yield that company hundreds of millions of dollars in additional profits or, if exercised another way, saddle that company with hundreds of millions of dollars of additional costs.  It is hardly surprising, therefore, that corporations work diligently to have their voices heard among the din of everyone clamoring for the new emperor’s attention.

For Sen. Warren to be upset that Trump’s transition team is filled with hordes of corporate lobbyists panting for political favors is akin to a Madam being upset that her bawdyhouse is filled with hordes of men panting for female favors.

Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030


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