“Getting the government on your side when you are facing a tough fight in the marketplace is a time-honored technique in American economic history. The usual approach is to equate the competitive threat to you with injury to society, to exaggerate the magnitude of the danger beyond recognition, then claim that government regulation is the only solution. Whether the fight is between domestic versus foreign producers, railroads versus truckers, or optometrists versus ophthalmologists, the pattern is always the same. So too in the clash between the establishment defenders and the takeover entrepreneurs.”
―
Payback: The Conspiracy to Destroy Michael Milken and his Financial Revolution
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Payback: The Conspiracy to Destroy Michael Milken and his Financial Revolution
by
Daniel Fischel33 ratings, average rating, 3 reviews
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