We can't get reform with backroom deals

by Rakinder Grover

This post in Mish Shedlog's blog is quite revealing.  Do we think we'll get real change/reform if the government cuts such deals and lines the pockets of the existing players? Liberals like Arianna Huffington are getting quite upset about this. And this is certainly not the free market working.  In a few years after the excitement of "doing something" dies down and when people start to realize that things have not really changed (and likely have gotten worse), see insurance and pharma companies still making profits - they'll blame the free market and capitalists.  The problem is the "reformers", even those with "good intentions", are not working to cause real reform.  That requires breaking the cozy relationship of government and business and they are not going to bite the hand that feeds them.