POLITICAL: Crony Capitalism meets Regulatory Capture

Thursday, September 25, 2014

http://www.cato.org/blog/california-gives-inspectors-new-power-menaces-more-unlicensed-contractors-jail

SEPTEMBER 19, 2014 11:36AM
State Inspectors Get Run Of California Worksites—At Business Groups’ Behest
By WALTER OLSON

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How could the California legislature have unanimously (as it did) passed a measure curtailing property rights by giving more state inspectors access to places of labor against owners’ will? Simple: it was framed as a pro-business measure. Among its backers were the sponsoring Contractors State License Board and such groups as the Air Conditioning and Refrigeration Contractors Association, the electrical contractors, the landscape contractors, the plumbing and heating contractors, and so forth. 

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Crony Capitalism meets Regulatory Capture!

It’s all about reducing competition.

That’s the first rule of Crony Capitalism: payoff the politicians and bureaucrats and keep competition out of the marketplace. 

Argh!

Maybe it’s just me.

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