Thursday, July 2, 2009

On Wal-Mart and Big Business

Wal-Mart's decision to join up with Democratic health care reform efforts seems pretty unusual. We even saw Matthew Yglesias writing that it was a blow to the solidarity of the business class. It shouldn't be all that surprising, though, if you think about it in terms of this 1979 WSJ editorial.

Centralizing power over anything, including health care, is likely to lead to special pleading, and even more power in the hands of big institutions that can plead best. Is that really what we want?

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