T. Boone Pickens, former oil tycoon and
present day rent seeker* and political entrepreneur says in a
commercial for his energy plan ?it will work, but we need your help.?
Of course what T is really saying is that his wind power
scheme won?t work in a free and competitive market and therefore he
needs your tax dollars to ensure that his millions of dollars worth of
investments in industrial wind turbines pay-off.
*A rent seeker is a term in economics which refers to someone who
uses lobbying and influence to gain subsidies for his businesses and
regulations that harm his competitors in an attempt to attract excess
profits to himself. The left typically agrees with the right in
opposing such activities except when it is done in the name of saving
the environment, as is the case with T. Boone?s activities, then it
becomes socially enlightened.
