Coppola would make a movie like “Tucker: The Man and His Dream,” but there you have it. The movie tells the true story of how industry can stifle innovation and competition by using government regulations and legal maneuvers to maintain their dominance. It sheds light on the dangers of corporate capture of agencies and politicians, a problem that is prevalent in various industries today.
The narrative of the movie may have seemed far-fetched at first, especially to those who believed in the simplistic idea that government and business were always at odds. But as we navigate through the complexities of our current mixed-system economy, it becomes evident that industry has gained significant influence over government operations.
The movie serves as a cautionary tale for defenders of free enterprise, highlighting the blurred lines between government and industry interests. It shows how the regulatory apparatus can be manipulated to serve the needs of powerful corporations, ultimately leading to corruption and stifling competition.
In a time where corporate capture is a pressing issue in various sectors, “Tucker: The Man and His Dream” remains a relevant and thought-provoking exploration of the dark side of industry dominance and the consequences of unchecked power. Kennedy, Jr. may find common ground with old-right defenders of business enterprise, as they have come to realize that the combination of business and government can lead to corruption in both sectors. This shared understanding could lead to support for a classically liberal system of small merchants and small governments.
This shift marks a departure from the traditional Reaganism ideology, as well as a change for the naive left that once believed increased regulation was the solution to business corruption. It is now understood that powerful corporations often influence regulatory policies to benefit themselves.
This realization can be traced back to the earliest regulations on meatpacking, where dominant firms pushed for regulations to impose high costs on their competitors. The history of the industrial state’s growth can be seen as a story of agency capture, from food and drug regulation to central banking and the postwar car industry.
Both the left and right now seem to have a similar understanding of the issues and potential solutions. For a detailed and engaging exploration of this topic, the movie “Tucker: The Man and His Dream” is highly recommended.
Please note that the views expressed in this article are the author’s opinions and do not necessarily reflect those of The Epoch Times.
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