Of course, there is another reason why Californians so eagerly turned to science and machinery when they finally decided to make serious wine: American wineries were in horrific condition. Andrew Barr, in his social history Drink, tells us that even in the late 1930s there were rats swimming happily in the vats of Sauvignon Blanc at Beaulieu and vinegar flies in the other wines. “The wine is so excellent,” the resident wine maker cooed, “that all the flies go to it. It doesn’t do any damage.” Open fermentation tanks let off clouds of carbon dioxide which got birds flying overhead drunk; stunned, they would fall into the vats and stay there.
Lawrence Osborne, The Accidental Connoisseur: An Irreverent Journey Through the Wine World, 2004.
October 18, 2024
QotD: Californian wine
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October 12, 2024
Canadians don’t hate their banks enough
In the latest SHuSH newsletter, Ken Whyte follows up on an earlier item thanks to the many Canadians who responded with their own tales of woe in their dealings with Canadian banks:
Since I mentioned a couple of weeks ago that we have published Andrew Spence’s Fleeced: Canadians Versus Their Banks, the latest edition of Sutherland Quarterly, I’ve been inundated with people’s horror stories of their dealings with Canada’s chartered banks. Jack David’s tale in the above interview is a classic of the genre.
In Fleeced, Andrew lays out in aggravating detail how Canadian banks, although chartered by the federal government to facilitate economic activity in the broader economy, do all they can to avoid lending to small and medium businesses, never mind that small and medium businesses employ two-thirds of our private-sector labour force and account for half of Canada’s gross domestic product.
By OECD standards, small businesses in Canada are starved of bank credit, and when they are able to secure a loan, they pay through the nose. The spread between interest rates on loans to small businesses and large businesses in Canada is a whopping 2.48 percent, compared to .42 percent in the US — more than five times higher.
Why? Because Canada’s banks are a tight little oligopoly, impervious to meaningful competition. Their cozy situation allows them to be exceedingly greedy. Their profits and returns to shareholders are wildly beyond those of banks in the US and UK (and, as Andrew demonstrates, their returns from their Canadian operations are far in excess of those from the US market, meaning they screw the home market hardest.)
Our banks never miss an opportunity to impose a new fee, or off-load risk. From their perspective, small business involves too much risk — some of them will inevitably fail. The banks prefer that publishers and dry-cleaners and restaurateurs either finance themselves by pledging their homes, or use their credit cards to cover fluctuations in cash flow or make investments that will help them hire, expand, and grow. And that’s what entrepreneurs do. According to a survey by the Canadian Federation of Independent Business, only one in five respondents accessed a bank loan or line of credit. Half of respondents financed themselves, tapped existing equity and personal lines of credit, and about 30 percent used their high-interest credit cards.
By severely rationing credit and making it exceedingly expensive, Canada’s banks siphon off an ungodly share of entrepreneurial profit to themselves while leaving the entrepreneur with all the risk. Their insistence on putting their own profits above service to the Canadian economy is one of the main reasons Canada has such a slow-growing, unproductive economy and a stagnant standard of living.
There is much else in this slim volume to make your blood boil: exorbitant fees on chequing and savings accounts; mutual fund expenses that torpedo investments; ridiculous mortgage restrictions, infuriating customer service …
Fleeced: Canadians Versus Their Banks is a stunning exposé of the inner workings of our six major banks — something only a reformed banker and financial services veteran such as Andrew could write. He also explodes the myth that a bloated, uncompetitive banking sector is the price we have to pay for stability in times of financial crisis.
We are in desperate need of banking reform in Canada. Read this book and you’ll be shouting at your member of Parliament for prompt action.
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QotD: From conspicuous consumption to junk science
Buck Throckmorton, “Organic Food & Anti-Vaxxers – Does The Fear of Safe Food Lead to Fear of Safe Vaccines”, Ace of Spades H.Q., 2019-12-08.
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September 29, 2024
Fleeced: Canadians Versus Their Banks by Andrew Spence
In the latest SHuSH newsletter, Ken Whyte talks about one of Sutherland House’s most recent publications:
I could write about eight versions of this post based on the many revelations in Andrew Spence’s Fleeced: Canadians Versus Their Banks, the latest edition of Sutherland Quarterly, released this week. I’m going to run with the version most relevant to my fellow publishers and small business people in Canada.
Andrew lays out in aggravating detail how Canadian banks, although chartered by the federal government to facilitate economic activity in the broader economy, do all they can to avoid lending to small and medium businesses, never mind that small and medium businesses employ two-thirds of our private-sector labour force and account for half of Canada’s gross domestic product.
By OECD standards, small businesses in Canada are starved of bank credit, and when they are able to secure a loan, they pay through the nose. The spread between interest rates on loans to small businesses and large businesses in Canada is a whopping 2.48 percent, compared to .42 percent in the US—more than five times higher.
Why? Because Canada’s banks are a tight little oligopoly, impervious to meaningful competition. Their cozy situation allows them to be exceedingly greedy. Their profits and returns to shareholders are wildly beyond those of banks in the US and UK (and, as Andrew demonstrates, their returns from their Canadian operations are far in excess of those from the US market, meaning they screw the home market hardest.)
Our banks never miss an opportunity to impose a new fee, or off-load risk. From their perspective, small business involves too much risk — some of them will inevitably fail. The banks prefer that publishers and dry-cleaners and restaurateurs either finance themselves by pledging their homes, or use their credit cards to cover fluctuations in cash flow or make investments that will help them hire, expand, and grow. And that’s what entrepreneurs do. According to a survey by the Canadian Federation of Independent Business, only one in five respondents accessed a bank loan or line of credit. Half of respondents financed themselves, tapped existing equity and personal lines of credit, and about 30 percent used their high-interest credit cards.
(The banks, incidentally, claim they need to keep credit card rates around 20 percent because their clients are high credit risks when their own data shows the risk is minimal. They simply prefer to gouge customers. To a banker, forcing hundreds of thousands of small businesses to use their credit cards to finance their businesses rather than giving them proper small business loans at reasonable rates is great business.)
By severely rationing credit and making it exceedingly expensive, Canada’s banks siphon off an ungodly share of entrepreneurial profit to themselves while leaving the entrepreneur with all the risk. Their insistence on putting their own profits above service to the Canadian economy is one of the main reasons Canada has such a slow-growing, unproductive economy and a stagnant standard of living.
There is much else in this slim volume to make your blood boil: exorbitant fees on chequing and savings accounts; mutual fund expenses that torpedo investments; ridiculous mortgage restrictions, infuriating customer service …
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September 26, 2024
Glimmers of hope for lower taxes on US taxpayers
J.D. Tuccille welcomes the discussion among the Presidential candidates about lowering the taxes Americans have to pay, and points out that the economic distortions of the current tax code (including “temporary” measures introduced during WW2) make everyone less well-off:
Three months after proposing to end federal taxing of tips — an idea promptly confiscated without compensation by Kamala Harris’s campaign — Donald Trump doubled down by saying “we will end all taxes on overtime” if he’s elected president. Without a doubt, millions of Americans who resent government’s ravenous bite out of their paychecks immediately began contemplating just how much of their income they could shield from the tax man that way.
Tips and Overtime for Everybody!
“Can someone get paid in primarily tips and overtime?” quipped the Cato Institute’s Scott Lincicome. “Asking for a few million friends.”
On a more serious note, the Competitive Enterprise Institute’s Sean Higgins thought exempting overtime pay “wouldn’t necessarily be a bad idea … but, overall, it is not likely to make that much of a difference to most workers because overtime isn’t that common”. He’d been more strongly supportive of exempting tips because that “would put more money directly in the pockets of working Americans without either costing employers more or raising prices for customers”. He also liked that freeing tips from taxation would “keep tipping out of the reach of the regulatory state”.
But what if overtime pay becomes more common precisely because it’s not taxed?
The people at the Tax Foundation expect that’s exactly what will happen, just as Lincicome joked. Thinking through the implications of exempting overtime pay from taxation, Garrett Watson and Erica York warned that “exempting overtime pay from income tax would significantly distort labor market decisions. Employees would be encouraged to take more overtime work, and hourly or salaried non-exempt jobs may become more attractive if the benefit is not extended to salaried employees who are exempt from Fair Labor Standards Act (FLSA) overtime rules.”
The Tax Foundation’s Alex Muresianu had a similar reaction to the proposals to exempt tips from taxes from both Trump and Harris. He thinks “the proposal would make more employees and businesses interested in moving from full wages to a tip-based payment approach”. He foresaw “substantial behavioral responses, such as previously untipped occupations introducing tipping”.
Of course, a world in which more Americans receive their pay beyond the reach of the tax man is a welcome prospect to many of us. If politicians want to phase out income taxes, even unintentionally, who are we to complain? Hang on a minute while I set up my virtual tip jar. In fact, there’s precedent for government policy around wages to cause major unintended consequences. Take, for example, employer-provided healthcare coverage.
Government Policy Has Distorted Compensation Before
“One of the most important spurs to growth of employment-based health benefits was — like many other innovations — an unintended outgrowth of actions taken for other reasons during World War II,” according to the 1993 book, Employment and Health Benefits: A Connection at Risk. “In 1943 the War Labor Board, which had one year earlier introduced wage and price controls, ruled that contributions to insurance and pension funds did not count as wages. In a war economy with labor shortages, employer contributions for employee health benefits became a means of maneuvering around wage controls. By the end of the war, health coverage had tripled.”
Given that health benefits became a substitute form of compensation to escape a wage freeze, it’s not difficult to imagine the United States moving toward a situation in which a lot more people receive the bulk of their pay from untaxed tips and overtime pay.
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September 18, 2024
QotD: Freelancing
A wage slave gets time off in lieu. A freelancer fits swing shifts between the daytime work.
You always have to keep a Plan B ready in case you need to fill gaps in your schedule. From the start of my freelancing career, I was a sub-editor SLASH writer. This evolved into journalist SLASH author SLASH print production. Then journalist SLASH trainer SLASH digital publishing. Plans C, D and E have proved most valuable.
It’s a pain in the arse. You have to get multiple business cards printed. You have to keep multiple career histories and CVs updated – something that LinkedIn, which itself accelerated the fad for wankers inventing dipshit slasher job titles, cannot handle at all.
Alistair Dabbs, “Multitasking is a myth: It means doing lots of things equally badly. Some people just like to take the p*ss”, The Register, 2019-09-27.
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September 17, 2024
Noormohamed: “Nice newspaper, National Post. It’d be a shame if …”
One of the more blatant examples of Liberals saying the quiet part out loud:
We need to talk about Liberal MP Taleeb Noormohamed and his not so subtle reminder to the National Post that it wouldn’t exist without the benefaction of Prime Minister Justin Trudeau’s government.
Noormohamed, Parliamentary Secretary for Heritage – the ministry responsible for media welfare – did so via a post on X in which he told NP Comment senior editor Terry Newman: “Your paper wouldn’t be in business were it not for the subsidies that the government that you hate put in place — the same subsidies your Trump-adjacent foreign hedge fund owners gladly take to pay your salary.”
I wrote at length about this for The Line and, being aware that there is some crossover among subscribers, I won’t repeat that, but here’s a summary, followed by an update and then we’ll dig a little deeper into government funding for media, trans activist extremism in the Senate and other juicy stuff.
As I wrote in The Line concerning the government’s willingness to put the squeeze on media, “Nothing Noormohamed said was untrue. He and I are in perfect alignment in the view that were it not for the patronage of the Justin Trudeau government, Postmedia (and likely the Toronto Star) would by now have ceased to exist. Some of its titles may have sold for parts, but most of its zombie products would have been dispatched long ago with a bankruptcy bullet to the brain, allowing new media to spring forth from decay.”
You can read it all here.
But the most alarming part of this story isn’t that Noormohamed said what he said. That was appalling but predictable. What’s truly chilling is that he could flex his muscles, whip out his influence and intimidate what was once a free and independent press in this country and get away with it.
There were just a handful of media responses to his highly inappropriate but not unexpected behaviour. A week later, I could find no fiery or even gentle editorials condemning his statements. My Google search revealed just three news stories (Western Standard, True North & Rebel News) while none of the nation’s leading commentators cleared their throats to object.
Perhaps this is because media decided it was no big deal that an influential government MP was reminding them to keep in mind just who is paying their bills when they sit down to write. It could also be that they are bothered by it but don’t wish to draw the public’s attention to their new role as government dependents because they know it undermines public trust in them. Or, they have just given up on the idea of freedom of the press but want to keep it as their dirty little secret. Maybe all three. All I could hear was the silence of the lambs being led to the slaughter.
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September 16, 2024
QotD: The origins of Marmite
In 1902 the Marmite Food Extract Company was formed in Burton upon Trent, two miles from the Bass brewery which had been there since 1777. Yeast is a single-cell fungus originally isolated from the skin of grapes, used in brewing, winemaking and baking since ancient times. I have read somewhere that the yeast Bass used was descended from the original batch employed since its inception, endlessly reproducing itself right up to the present time.
The waste product from brewing was transported to the Marmite factory, where salt, enzymes and water were added to the slurry before it was simmered for several hours then poured into vats ready for bottling.
The product was an instant hit and within five years a second factory had to be built in Camberwell Green, south London. Marmite was given a huge boost with the discovery of vitamins. It was found to be a rich source of vitamin B, deficiency of which was responsible for the condition beriberi which afflicted British troops during the Great War. They were subsequently issued with Marmite as part of their rations. In the 1930s the folic-acid-rich product was used to treat anaemia in Bombay mill workers, and malnutrition during a malaria epidemic in Ceylon, now Sri Lanka.
Alan Ashworth, “That Reminds Me: My mate Marmite”, The Conservative Woman, 2024-06-05.
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September 8, 2024
The last dispatch from Toronto before the catastrophe began
Toronto, in fact all of Ontario, may no longer be there when you get up tomorrow morning. As Chris Selley explained in his brave, final communiqué from the doomed province:
Doug Ford, the form of the destructor Ontario chose.
Dear non-Toronto friends,
This city is in crisis. This may be my last communiqué before the telex goes down for good, and I feel honour-bound to tell the world of my city’s plight. If the worst should occur, which it almost certainly will, please tell our story.
The unthinkable has occurred: Doug Ford’s madmen and women at Queen’s Park have licensed hundreds upon hundreds of new locations — called “convenience stores”, in local parlance — to sell beer, wine, cider and pre-mixed cocktails.
They did this instead of fixing health care, if you can believe that. And, outrage upon outrage, the government even made a map of such locations — as if delivering fallen Ontarians one by one to Mr. Booze himself.
Why, within just a few hundred metres of where I write, through my tears, I can discern on the map more than five such new locations. There’s Mei Convenience, Mimi Variety, Lucy Grocery and Meat, Queen & Jarvis Convenience … the list goes on, and on, my God. Church attendance is reportedly soaring as Torontonians steel themselves for the forthcoming.
Ford’s government did this entirely to solicit corporate donations to his party (some say that’s actually illegal, but whatever) from his buddies at convenience-store empires 7-Eleven and Couche-Tard … and presumably from Mimi and Lucy, whoever they are. Very rich women, clearly.
Instead of fixing health care!
Until recently, some semblance of sanity prevailed: The nearest government-run liquor store to where I sit now is a 15-minute walk away; the nearest Beer Store, the privately owned former quasi-monopoly where you’re still supposed to return your bottles and cans, is nearer to 20 minutes.
And now, suddenly, a bottle or can is shockingly near to hand. And this will lead to more alcohol-related harms. Of this there is no doubt, as one expert recently told the Toronto Methodist Star: “Harm will increase in Ontario. That is straightforward.”
It is true that many jurisdictions around the world report similar or lower levels of alcohol consumption and related harms than Ontario despite having much greater access to retail alcohol — Italy, Greece, the United States — but that is not germane to this discussion. Ontarians are not like other people. Ontario is not like other places. We are worse. Or maybe better. Or some combination of the two.
It’s true! Even saintly Bowmanville has been sullied with the demon liquor thanks to Premier Ford’s diabolical plan:
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September 6, 2024
QotD: “Discount” airlines
Ghost of a Flea, “Sic transit gloria mundi“, Ghost of a Flea, 2005-05-23.
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September 5, 2024
Is the DEI tide finally receding from corporate boardrooms?
At the Foundation for Economic Education, Jon Miltimore explains why many major US corporations are reconsidering their earlier “all in” approach to lecturing their customers about progressive causes:
Bud Light’s brand ambassador, Dylan Mulvaney, whose antics triggered a consumer boycott that cost the company over a billion in lost revenue.
DEI is just one form of corporate social activism, which comes in various forms and includes its cousin Environmental, Social, and Governance (ESG). Both ideas fall under, to some degree, Corporate Social Responsibility (CSR), the idea that corporations have a duty to take social and environmental actions into consideration in their business models.
If you’re wondering why Burger King has commercials on climate change and cow farts, and why Bud Light’s commercials went from featuring Rodney Dangerfield and Bob Uecker to trans activist Dylan Mulvaney, it’s because of CSR.
The idea that corporations should fight for social causes has skyrocketed in recent years to such an extent that activism is inhibiting companies in their primary mission: generating profits by serving customers.
“Firms leveraging situations and social issues is not new, but showcasing their moral authority despite a disinterested consumer base is,” Kimberlee Josephson, an Associate Professor of Business at Lebanon Valley College in Annville, Pennsylvania, has observed.
Bud Light’s decision to feature Mulvaney cost them an estimated $1.4 billion in sales, and it revealed the danger of corporations leaning into social activism, particularly campaigns and policies that alienate their own consumer bases.
Not very long ago, companies like Chick-fil-A faced backlash from progressive activists for supporting traditional marriage. Culture war advocates on the right have responded in similar fashion.
Conservative influencers have made a point of raising awareness around “woke” corporate initiatives — white privilege campaigns, climate change goals, LGBTQ events, etc. The most successful ones, such as Robby Starbuck who pioneered the campaign against Tractor Supply and John Deere, made a point of targeting corporations with conservative consumer bases.
“If I started a boycott against Starbucks right now, I know that it wouldn’t get anywhere near the same result,” Starbuck recently told the Wall Street Journal.
One can support Robby Starbuck’s tactics or oppose them. What’s clear is that corporations increasingly face risks for participating in social activism campaigns, and the threats now come from both sides of the political aisle.
Respectful neutrality on cultural issues used to be the default way for companies to avoid insulting the general public and potentially alienating customers. Under the influence of DEI/ESG/CSR advocates, corporations were persuaded that they could offend half of the population without suffering any meaningful financial losses. That turned out to be untrue.
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September 1, 2024
The supermarket master plan to defeat the “far right” in Germany
There are elections ongoing in the German states of Thüringen and Saxony, and the polls show that the “far right” Alternative für Deutschland is potentially going to get 30% of the votes, which would give them more representation in those states than any of the other parties. Panic and hysteria have set in not only among the politicos and the mainstream media, but even among some businesses:
In Germany, all political parties have a colour. The Christian Democratic Union and the Christian Social Union are black, the Social Democratic Party is red, the liberal Free Democratic Party are yellow and the evil fascist Alternative für Deutschland are blue. This coming Sunday, Thüringen and Saxony will hold state elections, and the blue AfD are leading the polls in both states with about 30% support. This has a lot of people very, very upset. Most of them are merely upset with the AfD, but some psychologically unstable people have allowed their anger to embrace the colour blue more generally, because there can be no limits when it comes to resisting the evil antidemocratic forces of fascism.
Among the new sworn enemies of the blue band of the visible electromagnetic spectrum are the marketing team at Germany’s largest supermarket corporation, the Edeka Group. A few days ago, this supermarket chain, whose own logo strangely enough is primarily blue …
… ran an ad in Die Zeit and the Frankfurter Allgemeine Zeitung explaining “WHY BLUE IS NOT ON OFFER AT EDEKA”.
That wall of text in the middle reads as follows:
Yellow bananas, red tomatoes, green lettuce, purple grapes, orange carrots, pink dragon fruit … EDEKA’s fruit and vegetable department is full of colourful diversity. Or is it?
If you look closely, there’s one colour you won’t see: blue. And that’s no coincidence. Because blue food is nature’s way of warning us: ‘Watch out! I could be harmful!”
Evolution has taught us that blue is not a good choice.
And speaking of choices: Blue is not only the natural enemy of a healthy diversity of fruit and vegetables. In Germany, “the blues” are also the biggest threat to our diverse society.
So let’s read the warning signs correctly ahead of the state elections in Saxony, Thüringen and Brandenburg in September – and ensure that we can live together in harmony. Because we love diversity.
For those wondering whether Edeka have decided to cease selling fascist blue fruits like blueberries, there is a helpful note down in the corner:
There we learn that, while “‘Blueberries’ or ‘Blue cabbage'” may have “‘blue’ in their names”, their “colour pigments” are not blue. This is “at least what Science tells us – and as we know you should always listen to Science more”. Nothing about this is remotely obnoxious; indeed, if current-year Germany needs anything, it is more blind platitudinous calls to Follow the Science – particularly when it comes to exonerating innocent fruits and vegetables from suspicion of blue fascism.
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August 28, 2024
QotD: NFL team owners
It’s probably also worth noting that the new Vikings owner is very big on family. By my count, [new Minnesota Vikings majority owner] Zygi [Wilf] used the word “family” 1,068 times during the 45-minute interview session. He mentioned his family, the Vikings family, his partners’ families, local families and the family business.
Asked about meeting the other NFL owners for the first time, Wilf said — you guessed it — they are like a family. Which I can see, particularly when I envision the Corleone family.
Tom Powers, “No news is good snooze with Wilf”, St. Paul Pioneer Press, 2005-06-17.
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August 21, 2024
The Great Enshittification – technological progress is now actually regressing
Ted Gioia provides ten reasons why all our lovely shiny technological improvements have turned into a steady stream of enshittified “updates” that reduce functionality, add unwanted “improvements” and make things significantly less reliable:
By my measure, this reversal started happening around a decade ago. If I had to sum things up in a conceptual chart, it would look like this:
The divergence was easy to ignore at first. We’re so familiar with useful tech that many of us were slow to notice when upgrades turned into downgrades.
But the evidence from the last couple years is impossible to dismiss. And we can’t blame COVID (or other extraneous factors) any longer. Technology is increasingly making matters worse, not better — and at an alarming pace.
[…]
But I have avoided answering, up until now, the biggest question — which is why is this happening?
Or, to be more specific, why is this happening now?
Until recently, most of us welcomed innovation, but something changed. And now a huge number of people are anxious and fearful about the same tech companies they once trusted.
What caused this shift?
That’s a big issue. Unless we understand how things went wrong, we can’t begin to fix them. Otherwise we’re just griping — about bad software or greedy CEOs or whatever.
It’s now time to address the causes, not just complain about symptoms.
Once we do that, we can move to the next steps, namely outlining a regimen for recovery and an eventual cure.
So let me try to lay out my diagnosis as clearly as I can. Below are the ten reasons why tech is now breaking bad.
I apologize in advance for speaking so bluntly. Many will be upset by my frankness. But the circumstances — and the risks involved — demand it.
August 19, 2024
If you’ve never worked in the private sector, you have no idea how regulations impact businesses
In the National Post, J.D. Tuccille explain why Democratic candidates like Kamala Harris and Tim Walz who have spent little or no time in the non-government world have such rosy views of the benefits of government control with no concept of the costs such control imposes:
The respective public versus private sector experiences of the 2024 Presidential/Vice Presidential candidates.
New York Times
In broad terms, Democrats have faith in government while the GOP is skeptical — though a lot of Republicans are willing to suspend disbelief when their party controls the executive branch.
The contrast between the two parties can be seen in stark terms in the resumes of the two presidential and vice-presidential tickets. The New York Times made it easier to compare them earlier this month when it ran charts of the career timelines of Trump, J.D. Vance, Kamala Harris and Tim Walz. Their roles at any given age were colour-coded for college, military, private sector, public service or politics, federal government and candidate for federal office.
Peach is the colour used by the Times to indicate employment in the private sector, which produces the opportunities and wealth that are mugged away (taxation is theft by another name, after all) to fund all other sectors. It appears under the headings of “businessman” and “television personality” for Trump and as “lawyer and venture capitalist” for Vance. But private-sector peach appears nowhere in the timelines for Harris and Walz. Besides, perhaps, some odd jobs when they were young, neither of the Democrats has worked in the private sector.
Now, not all private-sector jobs are created equal. Some of the Republican presidential candidate’s ventures, like Trump University, have been highly sketchy, as are some of his practices — he’s openly boasted about donating to politicians to gain favours (though try to do business in New York without greasing palms). I’m not sure I’d want The Apprentice on my resume. But there must be some value to working on the receiving end of the various regulations and taxes government officials foist on society rather than spending one’s career brainstorming more rules without ever suffering the consequences.
In 1992, former U.S. senator and 1972 Democratic presidential candidate George McGovern penned a column for the Wall Street Journal about the challenges he encountered investing in a hotel after many years in government.
“In retrospect, I … wish that during the years I was in public office, I had had this firsthand experience about the difficulties business people face every day,” he wrote. He bemoaned “federal, state and local rules” passed with seemingly good intentions but little thought to the burdens and costs they imposed.
The lack of private sector stints in the career timelines of Harris and Walz means that, like pre-hotel McGovern, they’ve never had to worry about what it’s like to suffer the policies of a large and intrusive government.
That said, it’s possible to overstate the lessons learned by Republicans and Democrats from their different experiences. Vance, despite having worked to fund and launch businesses, has, since being elected to the U.S. Senate, advocated capturing the regulatory state and repurposing it for political uses, including punishing enemies.
Not only does power corrupt, but it does so quickly.
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