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Bonus Quotation of the Day…

Tweet [1]

… is an excerpt [2] from George Will’s forthcoming book, The Conservative Sensibility [3]:

As dependency on government for various entitlements has grown, so has another kind of dependency. A perverse form of entrepreneurship is spawned as economic interests maneuver to become dependent on government-provided opportunities. As people become more deft at doing so, government becomes an engine of unearned inequality. This is especially a peril in successful societies. Economist Mancur Olson warned [4] that the longer a successful society is stable, the more numerous are the successful factions — not the poor, or the unemployed or the new entrepreneurial risk-takers who are trying to gain a foothold against established competitors — who become deft at gaming the political system for advantages. These include domestic protectionism in the form of occupational licensure [5]; or regulations [6] that are more burdensome to newer and smaller entrants into a market than to large, wealthy corporations; or international protection in the form of tariffs and import quotas. More and more factions figure out how to prosper by achieving distributional advantages through politics. And society slowly succumbs to energy-sapping sclerosis.

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