Max Borders’s and Chris Hayes’s piece in The News & Record about the foolish Skybus incentives illustrates how government warps the market and the normal way of doing business:
Should we feel angry at Skybus? It was trying to survive in a
difficult and competitive environment. But having government stack the
deck in favor of it skews the institutions and muddles the rules that
make doing business less corrupt and better for consumers. Of course,
none of this skewing works to any “greater good.”Indeed, more
companies are now turning to deadweight entrepreneurship — investing
resources into lobbying government to prop them up. Good companies
don’t need to line up at the trough when the business environment is
fertile.
A nice reminder of how businesses now even share their ideas about extorting government.
