The Slippery Slope of Government Control

                          

The disclosure of the U.S. potential multi-billion dollar loss in General Motors ownership serves as a lesson.

                   

Did it also make sense to put the Executive Branch of the U.S. government in charge of $20 billion or more of British Petroleum’s funds, to hand out to victims of its oil drilling accident?

                   

Would it not have been far better for  individuals with claims to have gone directly to BP for compensation through independent intermediaries, supervised by courts?

                   

Without the politics involved? Without the federal government in the middle of what became an obviously unconstitutionally dubious form of meddling?

                   

This was just one of many instances of state capitalism that is a slippery slope best avoided. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)