Quotation of the Day…

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… is from page 116 of Rainer Zitelmann’s February 2023 Economic Affairs paper, “There is no capitalist conspiracy and the rich are not all-powerful” (original emphasis):

Anyone who believes that rich lobbyists, in pursuit of their own particular special interests, exert too much influence over politics must surely advocate less and not more government. After all, the more the state intervenes in the economy (through subsidies and overregulation), the greater the influence lobbyists can exert.

DBx: Why this reality is routinely ignored – today by pundits on both the political left and right – remains a deep mystery.