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Online usersPollWhat should the government do about ailing financial institutions? Nothing, except to back off and get out—as any Objectivist knows, intervention is treating the disease with the disease 84% Intervene judiciously—enough to avert a catastrophe that is otherwise imminent 3% Intervene massively—as it's doing 3% Nationalize the whole economy and be done with it. Bring on the USSA! 1% Something else (specify) 9% Total votes: 76
 Basic Economics by Thomas Sowell
 Economics In One Lesson by Henry Hazlitt
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New York Times reports Gov. Eliot Spitzer admits involvement in a prostitution ring. Submitted by Mark Hubbard on Mon, 2008-03-10 20:04.
I don't deny he did clean up some Wall Street behaviour that was 'less than desirable', but for a man who made a reputation gleefully destroying individuals via no hesitation in putting the thumping big State's nose all through his victims private lives, including the prosecution of prostitution rings, this couldn't have happened to a nicer bloke.
[Humour translation for the Americans: the above post utilises a literary device.]
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Spitzer is not untypical
..of America's politicians who, probably for the exact corruptions Callum mentions, use the power of the state to ruin the lives of their victims of which few in the case of Spitzer actually deserved such devastation (IMO).
Ted Kennedy has for decades has blathered on about corruption and exploitation of 'the rich' while he himself is among the wealthiest of America's elite politicians, not to mention has used his statist powers to stay out of jail for nothing less than manslaughter.
And there are just as many examples among the right-wing politicians as well, often involving young boys for some reason...
And for you Kiwis, the previous sentences I've written *use no literary devices whatsoever* since I am after all, a humorless American
Corruption NZ and America
Ehh, no surprise. Many of the officials of America's rustbelt can be very, very corrupt.
And this raises an interesting distinction: corruption in the US usually involves someone's private life. In NZ, corruption involves the public money and the corrupting use of the government.
"Socialism may be dead, but its corpse is still rotting up the place." -Ayn Rand