These days it’s difficult to find an avowed socialist. But Washington is crawling with neosocialists—in both parties. By Hoover media fellow Peter Brimelow.
Socialism is dead—except, perhaps, in some American universities—long live neosocialism. Instead of taking over businesses, government agencies tell the owners how to run them.
Since most of the costs are dumped onto the private sector, the extent of this regulation is hard to track. But the Center for the Study of American Business (CSAB) at Washington University in St. Louis has developed two measures: the cost of the federal regulatory apparatus and the number of people in it. What they show:
Reprinted from Forbes, January 26, 1998. Reprinted by permission of Forbes magazine © Forbes, Inc., 1998.