Why governments' attempts to pick winners produce more losers than winners.
"Government subsidies can be critically analyzed according to a simple principle: You are smarter than the government, so when the government pays you to do something you wouldn't do on your own, it is almost always paying you to do something stupid", All the trouble in the world (1994)
"There is not one single social or economic principle or concept in the philosophy of the Russian Bolshevik which has not been realized, carried into action, and enshrined in immutable laws a million years ago by the white ant."