For Profit Legislation

Download PDF Version

I have been explaining that all enterprise is for profit. The difference is in who gets the profit. Single payer medicine is for profit. Obamacare is for profit. Free market medicine would be for profit. This is all because when government runs an enterprise the imaginary incentive to serve is assumed to be present. Every enterprise, government or free market is for profit because self interest is the only incentive in play. With respect to private charities they range from mostly non profit to almost entirely for profit. The label put on an enterprise doesn’t mean much.

I need to mention that all legislation is for profit. It is so much for profit that unfathomable amounts of money are spent making sure specific legislation passes. When a bill like the Affordable Care Act is passed, the purpose is to enrich the parties who write the bill. What is good for the citizens of the country is never taken into consideration. If citizens were to insist to be taken into consideration, that actually might be. That never do.

Surely there are some but I cannot think of an occasion where a representative has sat down with constituents and has written and introduced a bill on behalf of them. It simply doesn’t happen.

This may sound like an unpleasant reality and I suppose it is. That doesn’t mean it isn’t true. Legislation is for profit. Government is for profit. For profit is the way of the world. Pretending it is not puts ordinary people at a disadvantage. For profit is not evil. It is not good either. It is just the way of the world.
The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute

(Visited 85 times, 29 visits today)

About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher and originator of the Fantasy Free approach to economics. Contact: news@quillian.net
This entry was posted in Daily Comments. Bookmark the permalink.