The government’s regulatory agencies…

…have created or sustained private monopoly power more often than they have precluded or reduced it. This result was exactly what many interested parties desired from governmental regulation, though they would have been impolitic to have said so in public. The “one common conclusion” reached by historians of regulation is that “regulatory politics involved an intricate, complex, struggle among intensely competitive interest groups, each using the machinery of the state whenever it could, to serve particularistic goals largely unrelated to ‘public interest’ ideology except in the tactical sense.”

From page 8 of the 25th Anniversary Edition of Bob Higgs’ Crisis and Leviathan: Critical Episodes in the Growth of American Government.

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