More Cowbell!

Here's kind of an interesting video with Michael Moore. Reports say that in his new movie Capitalism: A Love Story, Moore takes shots at capitalism for bailing out big business, and calls for a government run by the people.

The irony is that Moore is calling for more government to fix a problem created by government, not free markets. The bailout money paid to politically connected businesses was government's doing, and had nothing to do with free markets.

Markets, in contrast, create competition among businesses, which lower prices, creates efficiency and gives consumers choices. Free-marketeers support markets because they are pro-consumer, not pro-business. They only praise business when it succeeds by giving consumers what they want in free markets. Businesses, on the other hand, would like nothing more to establish monopoly power, which hurts consumers and markets.

It's funny how people who criticize markets and call for more government regulation, are frequently, if not usually, criticizing not markets, but the consequences of some unnecessary government intervention into markets.

Tsk, Tsk,

I'm watching Michael Moore on Leno. Leno keeps saying that Moore's film "Capitalism: A Love Story" is "bipartisan", and implicity arguing that the film is balanced, because it criticizes both Republicans and Democrats. Since when is criticizing both parties from the left being balanced?