The latest contribution from TIME?s self-proclaimed ?Curious Capitalist,? Justin Fox, focuses on government efforts to rein in corporate executives? pay.

While Fox still exhibits an inexplicable attraction to government involvement in private sector decisions, at least he recognizes that pay regulations could cause problems.

In short, Washington is in the midst of a sweeping power grab over the compensation practices of corporate America. This makes me cringe, at least a little. The government’s record at pay regulation is not encouraging.

The rest of the column isn?t that encouraging, but it does represent a step forward for a fellow who doesn?t seem to understand the role of profit and supports public policies that sound good, even if they?re likely to have no positive benefits.