Today’s But If Not . . . Bootleggers and Baptists
During the early 1900’s the bootleggers, surreptitiously, and the Baptists, unwittingly, came together to promote prohibition. The Baptists, true believers for sure, sought relief from the demon rum. The bootleggers, capitalists for sure, sought monopolistic power to sell and deliver their product. When the true believers and the rent-seekers come together nearly any regulation is possible – and, no small feat, we got a constitutional amendment.
We know how that worked out. We had Al Capone, the birth of NASCAR, and speak-easies.
This idea, explicit promotion of regulation by true-believers on right sounding principles, backed either directly or indirectly from rent-seekers seeking to profit from the new regulation, is widespread – which gives the phrase permanence.
Understanding it for what it is when we see it is paramount to a full understanding of most regulation. And I intend to name it when i see it.
As a consequence, if you are to derive any enjoyment from this blog, you must understand today’s “But if not” – Bootleggers and Baptists.