In response to a question today, I found a C‑SPAN appearance from 2006 on their website. Host Steve Scully was teaching a class on “Issues in Media and Public Policy” with students at the Cable Center’s Distance Learning Studio in Denver. He asked me to join him for a discussion of libertarianism and public policy. For about an hour and 20 minutes I answered questions posed by both Scully and the students. Video of the event can be found on C‑SPAN’s website.
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Tuesday Links
- In the past eight months, the unemployment rate has jumped from 7.2 percent to 10.2 percent. Here’s why.
- Three trillion reasons to hope the Senate is not as fiscally reckless as their counterparts in the House on health care reform.
- Obama a federalist? Not quite: “Not yet a year into his administration, Obama’s record on 10th Amendment issues is already clear: He’ll let the states have their way when their policies please blue team sensibilities and he’ll call in the feds when they don’t.” More here.
- It’s time to get immigration reform right: “Republican leaders need to liberate themselves from the Lou Dobbs minority within their own ranks that will oppose any legalization. Democratic leaders need to face down their labor-union constituency that opposes any workable temporary-visa program. Working together, President Obama and a bipartisan majority in Congress can seize the current opportunity to reform the immigration system and finally fix the problem of illegal immigration.”
- Podcast: “Preventing the Next Fort Hood Shooting”
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The Negative Feedback Loop Begins
I wrote on the Tech Liberation Front blog a couple of months ago about the shady practice among a few Internet retailers of handing off customers who accept a “special offer” to a company that charges people a monthly fee for some kind of credit monitoring service. And I argued hopefully that maybe technologists and the Internet community could generate a response to this problem:
Being a smart, informed, and aggressive consumer is each person’s responsibility if a free market is to operate well. The alternative is a negative feedback loop in which government authorities protect us, we rely on that protection and stop policing retailers. Thereby we abandon the field of consumer protection to government authorities, who—try as they might—can never do as good a job for us as we can for ourselves.
The Senate Commerce Committee is having a hearing today on “Aggressive Sales Tactics on the Internet and Their Impact on American Consumers.”
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Government Electric
The recession has given the government an excuse for major interventions into markets, and the word “bailout” is found in business section almost daily. While there are justified concerns over government bailouts of large corporations, big businesses cashing in on the economic stimulus plan have flown below the radar.
In an essay for Cato Unbound on the issue of corporations and markets, libertarian theorist Roderick Long states: “Corporate power depends crucially on government intervention in the marketplace.” This dependency is on full display in an insightful Wall Street Journal story on General Electric’s overt efforts to hitch its future to billions of stimulus dollars.
The article is worth reading from start to finish, but here are some snippets:
The government has taken on a giant role in the U.S. economy over the past year, penetrating further into the private sector than anytime since the 1930s. Some companies are treating the government’s growing reach — and ample purse — as a giant opportunity, and are tailoring their strategies accordingly. For GE, once a symbol of boom-time capitalism, the changed landscape has left it trawling for government dollars on four continents.
‘The government has moved in next door, and it ain’t leaving,’ Mr. [GE CEO Jeffrey] Immelt said at the International Economic Forum of the Americas in Montreal in June. “You could fight it if you want, but society wants change. And government is not going away.’
A close look at GE’s campaign to harvest stimulus money shows Mr. Immelt to be its driving force… Inside GE, he pushed his managers hard to devise plans for capturing government money.
By January, Mr. Immelt had become a leading corporate voice in favor of the $787 billion stimulus bill, supporting it in op-ed pieces and speeches. Reporters who called the Obama administration for information on renewable-energy provisions in the legislation were directed to GE.
When the stimulus package was rolled out, Mr. Immelt instructed executives leading the company’s major business units “to put together swat teams to get stimulus money, and [identify] who to fire if they don’t get the money,” says a person who heard him issue the instructions.
In February, a few days after President Obama signed the stimulus plan, GE lawyers, lobbyists and executives crowded into a conference room at GE’s Washington office to figure out how to parlay billions of dollars in spending provisions into GE contracts. Staffers from coal, renewable-energy, health-care and other business units broke into small groups to figure out “how to help companies” — its customers, in particular — “get those funds,” according to one person who attended.
It speaks poorly for American capitalism when one of the nation’s biggest economic engines is assembling “swat teams” to go after taxpayer money. Instead of corporate America trying to figure out what products and services to bring to the marketplace, big business is taking its cue from politicians and bureaucrats in Washington. This isn’t socialism; it’s state corporatism and it bodes ill for long-term economic growth.
See this essay for more on the problems with special-interest spending. Also see this essay on why the excuses for government interventions in energy markets fall short.
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A Rarity: Newspaper Argues Against Techno-panic, Cites Constitution
Progress & Freedom Foundation president and Cato alumnus Adam Thierer has done yeoman’s work for years pointing out, and arguing against, the phenomenon of techno-panic as it relates to children. That’s not the only area in which techno-panic can tighten its grip on the neck of common sense and the constitution, of course.
But here’s a delight I ran across this morning: the Los Angeles Times arguing against techno-panic despite the use of Web sites to research and case potential burglary victims (by the “bling ring,” soon to be the subject of a major motion picture).
The Times editorializes:
[T]hieves [did not] have to wait for the invention of Google maps to reconnoiter neighborhoods in search of easily accessible homes. That’s worth remembering if, as we fear, some legislator decides that a law should be passed to prevent Internet surfers from looking at houses they easily could scope out from the sidewalk.… . A law against photographing a home or what occurs outside it in plain sight — or disseminating the images to others — would be overreaching, not to mention unconstitutional.
What a delight—a major newspaper arguing to keep a hot issue in perspective and citing the constitution as a limit on government power! Thank you, L.A. Times.
Education Tax Credits the Choice for Independents in Virginia
My last post focused on the general results of a school choice poll in Virginia. Contra conventional wisdom, education tax credits are significantly more popular and less opposed than are charter schools.
Even more interesting is the stability of support for donation tax credits across party identification. A stunning 64 percent of Democrats support credits, with only 21 percent opposed. Independents support credits 65 percent to 22 percent.
Charters are supposed to be the poster child for policies targeting Independent voters. And yet charters draw 59 percent of support from independents and 23 percent opposition.
That’s a swing from a 43 percent margin of support for credits to a 36 percent margin for charters. And vouchers run even further behind with a 22 percent margin of support from Independent voters.
Smart politicians looking for cost-saving and effective education reform would do well to take note of these numbers.
More to come …
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What’s the Most Popular Choice Reform in Virginia?
Pop Quiz: What’s the best education policy a moderate politician in Virginia can pursue?
- Vouchers
- Charter Schools
- Education Tax Credits
Conventional wisdom says go with charter schools, because they are a bipartisan, moderate compromise reform that will get you the largest number of Independents and the least opposition. Vouchers are too hot to touch. And what’s an education tax credit … oh, right, they’re too controversial as well
Conventional wisdom is WRONG.
The Friedman Foundation has released another in their invaluable series of state education polls, this time for once-purple Virginia. Their findings are consistent with other polls, and the pattern is worth highlighting.
Charter schools draw 59 percent in support and 26 percent in opposition. Vouchers find 57 percent in support and 35 percent in opposition. Personal-use credits get the support of 59 percent and are opposed by 32 percent.
Donation tax credits are supported by 65 percent of voters and opposed by 23 percent.
Charters, vouchers, and personal-use credits, in other words, are equally popular, with credits and vouchers drawing a bit more fire. And donation credits are wildly popular with only a rump of opposition.