An interesting piece by David Brooks.
Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
2 thoughts on “Attack from Ward Three”
Good article. The only problem is that the new commissars will not only be telling the rich people what to do, but will be telling everybody what to do.
Good article except that Brooks perpetuates the conceit that formerly rich people ran the country and govt functionaries had little power. In fact rich people have always had great political influence, but they never controlled anything, other than their own enterprises, in the centrally-planned way that statists would like to control things. By contrast, govt functionaries have always had tremendous power, often power greatly disproportionate to their nominal roles. A rich person can’t throw you in jail, but a police officer or IRS official can effectively ruin your life. Most of the people in these govt roles are honest, but as govt expands the number of corrupt officials increases and the increased spoils of bigger govt attract more corrupt people to govt work.
Comments are closed.