More government?  Costs the private sector more money.  In compliance costs, etc.  Which does more damage to small business than it does to Big Business.  Because the smaller you are?  The more debilitating is the time and money you are forced to waste complying with government.

This is (one of the reasons) Big Business – allegedly counterintuitively – lobbies for bigger government.  Because why out-compete your competitors?  When you can have crony government murder them for you.  At which point you swoop in and scoop up the competitors’ carcasses – and their marketshares.

Speaking of cronyism: Government can deliver it by growing government.  Government can also deliver it by exempting their cronies from the grown government.

All of this (and more) has now thoroughly polluted the US financial sector.  Which is dominated not by the best companies delivering the best products and services.  But by the companies best able to warp Big Government to their respective whims.

As I’ve stated for decades: Government doesn’t pick winners and losers.  It picks losers at the expense of winners.  The US’s dominate companies are horrible to consumers.  But they are great to government.  And that’s all that matters. (more…)