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Re: [Pen-l] Taxation/Regulation = Nationalization? [was: "Has Barack Obama's presidency already failed?"]



Correctamundo.


On Fri, Feb 13, 2009 at 11:34 AM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
> Max Sawicky wrote:
>> Strong taxation plus regulation of a firm/industry at some level
>> relative to nationalization is a distinction without a difference, or
>> a difference in quantity rather than quality.
>
> Regulation can be "captured" by the industry being regulated, as with
> the FCC. On the other hand, a nationalized company might be captured
> by its government-appointed bureaucrats. The key thing, I guess, is
> popular pressure to countervail the influence of the big-money people
> and the insiders.
> --
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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