Big business and big government are not enemies like everyone thinks they are. Tim Carney, a staffer on the Washington Times who authored The Big Ripoff, says politicians claim they protect us from big business by passing regulations. In reality, those regulations are often written by big business lobbyists and they hurt small competitors most.
“When government gets bigger, whether through spending or taxes or regulations, big business benefits,” Carney says. “Capitalism is a cutthroat thing, but this isn’t capitalism. When you turn to government to regulate your competitors out of business, we need to say, ‘No, this is wrong!'” Carney joins John Stossel to debate the issue.