Why governments' attempts to pick winners produce more losers than winners.





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"It is true that the office-holders are no longer the servants of the citizenry but irresponsible and arbitrary masters and tyrants. But this is not the fault of bureaucracy. It is the outcome of the new system of government which restricts the individual's freedom to manage his own affairs and assigns more and more tasks to the government. The culprit is not the bureaucrat but the political system. And the sovereign people is still free to discard this system", Bureaucracy (1945), p.17

— Ludwig von Mises



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