Under Socialism, There’s No Such Thing As Consumer Protection

 

 

 

Quis Custodiet Ipsos Custodes ?

 

 

” For the victims of governmental fraud, the only recourse is political, which is to say that it entails relying on the same government that perpetrated the fraud.

When it enacted ObamaCare, Congress relied on its constitutional authority to regulate interstate commerce. The Supreme Court held that Congress had exceeded that authority, but only with respect to one particular provision, the mandate that all individuals purchase medical insurance. There is little dispute that under more or less settled case law, Congress would be within its authority if it simply nationalized the insurance industry, or any other industry.

The regulation of commerce is a necessary and vital governmental function. Consumers and honest businesses need protection from unscrupulous market participants. That is nearly impossible when an industry is owned, or effectively controlled, by the government. To socialize an industry is to put it in a position to regulate itself. It legalizes fraud by recasting it as mere “political lies.” “