Both Gabriel Kolko, in The Truimph of Conservatism and Railroad and Regulation, and Milton Friedman, in Capitalism and Freedom and Free to Choose, talk about the phenomenon of the regulated taking over the regulatory agency. Kolko's an old socialist historian (sometimes labeled "New Left," a label which one of his former students says he rejects) who might very well have used language like "for the people."
David Levenstam In a message dated 5/28/03 7:38:53 PM, [EMAIL PROTECTED] writes: >"Whenever a government creates a body to regulate a trade for the benefit > >> of the people, the trade gains control of the body for the benefit of >the > >> trade at the expense of the people."
