Filed under: Capitalism, Democrat Corruption, Economy, Law, Politics | Tags: Bureaucracy, Goldman Sachs, Tyranny
“Bureaucracy” is, to many of us — the enemy. Alex J. Pollock elucidates at the Enterprise Blog at The American Enterprise Institute:
We tend to think of “bureaucracy” as meaning sluggish, complicated, unresponsive paperwork and process. But it has another, more threatening meaning: Rule by the bureaucrats, just as “aristocracy” is rule by the aristocrats—in other words, rule by unelected officers who impose their ideas on you, but cannot be voted out by you or anyone else. Bureaucracy in this sense has an inherent love of power and yearning for authority which cannot be questioned.
Consider the recent activities of the Securities and Exchange Commission.
The SEC criticized Goldman Sach’s synthetic CMO deal. Whatever one may think of the merits of the deal, should you be able to disagree with an attack on you by a bureaucracy? Goldman Sachs publicly disagreed. The SEC got the Justice Department to open a criminal investigation. Warren Buffett defended Goldman Sachs. The SEC announced it was investigating inadequate disclosures by Buffett’s company.
Coincidence? Or a message that you will certainly be punished if you dare to disagree with the bureaucrats?
The Founding Fathers well described “swarms of officers sent hither to harass the people.” It is worth pondering how bureaucracy may have inside it a tyranny trying to get out.