Moving toward Government Control
Letter to the Editor

Your editorial "Big Pharma Loves Harry Reid" (May 1) misses the real significance of the TV ad you describe. The most disturbing element of both Obama Care and the financial regulatory legislation now before the Senate is that they set up, in different ways, a partnership between the government and the largest companies in a particular industry.

In ObamaCare, the private insurers and pharmaceutical manufacturers have become, through regulation, both a tool of the government and perennial seekers of both more government support and more government leniency--hence the Nevada ad; while in the financial legislation the largest nonbank financial institutions will be both protected by the government and controlled through Federal Reserve regulation and the threat of a break-up.

It's vital to recognize the pattern: The Obama administration is gradually changing the nature of our economy and society by putting government at the center.

Peter J. Wallison is the Arthur F. Burns Fellow in Financial Policy Studies.

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Peter J.
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Wednesday, April 16, 2014 | 10:00 a.m. – 11:00 a.m.
Calling treason by its name: A conversation with Liam Fox

Join us at AEI as the Right Honorable Liam Fox sits down with Marc Thiessen to discuss and debate whether America’s intelligence agencies have infringed on the personal privacy of US citizens.

Thursday, April 17, 2014 | 4:00 p.m. – 5:00 p.m.
The curmudgeon's guide to getting ahead

How can young people succeed in workplaces dominated by curmudgeons who are judging their every move? At this AEI book event, bestselling author and social scientist Charles Murray will offer indispensable advice for navigating the workplace, getting ahead, and living a fulfilling life.

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