I am reading a Paul Farrell post from about a month ago and the one paragraph got my attention:
Lobbyists fueling America's new 'Capitalist Anarchy.' America's becoming a "socialist" nation? No, the truth is America's becoming the world's first "Capitalist Anarchy," thanks to the explosion of lobbyists running government. This trend shows no sign of abating. Imagine: 42,000 Washington lobbyists today, versus a handful in 1975. Other experts estimate 261,000 of these selfish special-interest "influence peddlers" throughout our nation. And it's so bad the Center for Public Integrity just reported that "more than 1,750 companies and organizations hired about 4,525 lobbyists, eight for each member of Congress, to influence health-reform bills in 2009." Worse: this emerging "Capitalist Anarchy" is draining the Treasury with endless deficits piling up more killer debt that will negatively impact future market returns.
When I think about it, anarchy is a good way to describe what happens to policy when capitalist interest control it...
The article is arguing that investments will lose overall over the next decade.