Mary Elizabeth Winstead

3606
Bootleggers and Baptists
There's an economic theory called "Bootleggers and Baptists" that refers to social regulation: "durable social regulation evolves when it is demanded by both of two distinctly different groups. Baptists point to the moral high ground and give vital and vocal endorsement of laudable public benefits promised by a desired regulation (and they flourish). Bootleggers who expect to profit from the very regulatory restrictions desired by Baptists, grease the political machinery (they are in it for the money, so they too flourish)." [Bootleggers and Baptists in Retrospect" by Bruce Yandle, Regulation Magazine Vol. 22. No. 3] Like Sunday sales. Baptists wanted alcohol banned on Sunday; bootleggers get that much more business. It's sales, not consumption. Like stricter FDA approval. The longer it takes, the more the holders of the current permits and patents benefit. Stricter emissions standards. These benefit established businesses while stifling new competition. Saving the owl (Baptist/environmentalists) put thousands of acres in storage and drove up lumber prices (the bootleggers/logging companies). So environmentalists (Baptists) may be touting the moral high road, and industry (bootleggers) goes along because they benefit, but someone else (you and me) always pays, either in higher prices, higher taxes, or loss of jobs.

I think Al Gore's new religion is going to bring about many more federal government regulations that benefit business and agriculture with the backing of the global warming cartel. Like ethanol. Like the phony carbon exchanges. I'm sure that rich capitalists and energy barons are eager to run up the sawdust trail waving their hankies and shouting "Alleluia, I believe" testimonies. Al, tears running down his cheeks, will be there to bless them.Source URL: http://maryelizabeth-winstead.blogspot.com/2007/03/3606-bootleggers-and-baptists-theres.html
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