Hillary Clinton's health-care plan required working with large corporations and other firms. It was little guys for whom she had nothing but contempt. When warned her plan would crush smaller businesses, she shrugged, "I can't go out and save every undercapitalized entrepreneur in America."
Again, this is hardly a new story. Chiefly under the auspices of the National Recovery Administration, the New Dealers sought to create huge cartels and trade associations that could work side by side with economic planners. Small and independent firms, from movie theaters to dry cleaners to poultry distributors, were hounded and harassed by a government determined to "rationalize" the economy by sweeping away all those pesky-but-innovative competitors. Would Barney Frank rather work with one giant Fannie Mae that will always take his phone calls and do his bidding, or a thousand smaller firms that would need to be herded like cats? I think we already know the answer.
Everyone agrees that we are spending trillions of dollars on firms "too big too fail." Many of these firms got so big because politicians in both parties liked to have important businessmen take their phone calls, do their bidding and fund their campaigns. And maybe, just maybe, the lesson from the financial crisis isn't to get big business and big government even more involved with each other, but to finally bust the trust between them.