This may be one of the most relevant essays I have read in a very long time. It is time to think long and hard about how this has happened, and what, if anything, can be done about it.
Frequently, here on RR, we lament the inability of "the government" to do anything, and alternatively, decry the intrusion of government into our lives. Both are very relevant complaints. But, there are far greater intrusions, and far more dysfunction, that are the result of the accretion of "hangers-on." Consider, for a moment, that there are nearly a million government contractor employees that are not under the direct control of the governments upon whom they feed. The botched ACA roll-out was a direct result of that failure of control, and the abandonment of that control to third-party agencies. Edward Snowden was a contractor employee. Half of the Iraq force, and most of the Iraq problems, were third-party contractors.
But it is not all about contractors. There are lobbyists that control government policy for the benefit of their industry or corporation. There are congresscritters who essentially work for one industry or another. The failures of AIG, Lehman Brothers, etc., were bailed out with tax payer money and for the benefit of the industry. There is a complete symbiotic relationship between Treasury and big financial institutions. This is a really, really, good essay for making one think.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.
Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich