James O’Keefe’s Project Veritas (PV) – continues to do God’s work.
Their latest bombshell video is of Pfizer Pharmaceutical’s “Director of Research and Development, Strategic Operations – mRNA Scientific Planner.” His name is Jordon Trishton Walker.
Walker on tape admits – amongst many other pernicious things – the company is intentionally mutating the Covid virus. Which sounds remarkably similar to the “gain of function” research conducted in Wuhan, China – which birthed the global pandemic.
For our purposes here, I’d like to focus on another of Walker’s obnoxious admissions:
“It (Pfizer) is a revolving door for all government officials. For any industry, though. So, in the pharma industry, all the government officials who, you know, review our drugs – eventually come to work for pharma companies. And the military: all the army and defense government officials eventually go to work for the defense companies afterwards.”
A quintessential example of this obnoxiousness? Scott Gottlieb. A former Food and Drug Administration (FDA) commissioner who walked out the FDA door – and right onto the Board of Directors at…Pfizer. It’s all right there – shamelessly displayed in his Twitter bio.
Now, back to Gottlieb’s Pfizer colleague Walker – on the PV video….
When Walker is asked how he feels about this “revolving door” between Big Government and Big Business? Walker responds:
“It’s pretty good for the industry, to be honest. It’s bad for everyone else in America….
“If the regulators – who review our drugs – know that once they stop being a regulator they want to go work for the company? They’re not going to be as harsh on the company where they’re getting their job.”
The term for what we’re discussing? Regulatory capture:
“In politics, regulatory capture (also agency capture and client politics) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group.
“When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of client politics is related to that of rent-seeking and political failure; client politics ‘occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers).’”
The biggest businesses – are the ones that can best afford to buy the government officials that are allegedly regulating them. And turn them into weapons – to go after their much smaller competitors instead of them.
The examples of this are as numerous as the stars in the sky. We’ve over the years chronicled many of them our own selves.
The unconstitutional Consumer Financial Protection Bureau (CFPB) allegedly exists to go after Big Banks – to keep them from becoming “too big to fail.” But it is instead doing the bidding of the Big Banks – and going after their tiny competitor payday lenders.
And, of course, that revolving door is in full swing….
And, of course, the CFPB is doing its very best to silence anyone who might expose their awful practices….
“A high-ranking Consumer Financial Protection Bureau official is attempting to silence a CFPB whistleblower before he testifies to a House subcommittee, a move that critics called rare and improper.”
The Federal Trade Commission (FTC) is not even a little bit better. And the really bad news? The Joe Biden Administration’s FTC – under the stewardship of Chairman Lina Khan – is looking to go full bore.…
As but one example….
“The regulatory hurdle is high. President Joe Biden’s Justice Department has vowed to challenge out any deals that could harm competition. Last year, it sued to block JetBlue’ alliance with American Airlines in the Northeast.”
I know I’m not a government “expert” – but let’s quickly analyze the US airline marketplace. Here’s a list of the largest US carriers by last year’s passenger tallies:
- American (165.68 million)
- United (104.08 million)
- Delta (102.9 million)
- Southwest (99.11 million)
- SkyWest (36.61 million)
- Alaska (32.41 million)
- Spirit (30.77 million)
- JetBlue (30.09 million)
The current marketplace is the Big Four monster airlines – and a bunch of also-rans.
So the #8 airline – is looking to acquire the #7 airline. Which will result in one airline – with 60.86 annual passengers. Which will make them a still-distant #5.
This will actually help US airline competition. A much stronger #5 – nearly double the size of the current #5 – is MUCH better positioned to actually compete against the Big Four
All of which begs some questions about the Biden Administration’s reaction to it.
Why is the Biden Justice Department – from all appearances – coming out against this merger? Bizarrely – in the name of protecting and furthering “competition?”
What the Biden Administration is actually doing – is the bidding of Big Business.
The Big Four certainly do not want a #5 that is much better situated to compete against them.
So the Biden Administration is looking to squelch the creation of that better situated #5.
How very regulatory capture of them.