Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis — how incentives influence behavior — to government. It shows how elected officials and bureaucrats pursue personal aggrandizement as much as people do in the private sector. In the public sector’s profit motive, profit is measured by power rather than money.
Obama’s tardy epiphanies do not temper his enthusiasm for giving sauropod government ever-deeper penetration into society. He thinks this serves equality. Actually, big government inevitably drives an upward distribution of wealth to those whose wealth, confidence and sophistication enable them to manipulate government.
Now, my fine progressive friends, argue the contrary. Demonstrate that a powerful government does not become a plaything for the wealthy’s game of thrones. Show how Leviathan doesn’t primarily benefit those who already enjoy the fat of the land.