3.03.2009

The rent-seeker ideology

Dean Baker wonders: "What Ideology Says That the Purpose of the Government is to Subsidize Insurance and Pharmaceutical Companies?"

The rent seeker ideology?

One could look in vain for an ideology which promotes this view, as Baker points out. The effort would turn up nothing because ideologies typically work by providing legitimation for the unequal distribution of a nation's wealth. They usually do not merely denote the institution which realizes the confiscation of that wealth. An ideology in this instance would seek to convince America's citizens that they would benefit in some way by the loss of their wealth to the insurance and pharmaceutical companies or even by doing nothing to rectify the loss! But who among most Americans today save for the willfully naïve or dedicated masochists would believe that enriching the already wealthy would benefit the common folk?

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