Creative Destruction

December 19, 2006

Defining Politics

Filed under: The World's Oldest Profession — Off Colfax @ 3:50 pm

From Kevin Drum:

I’ve heard people say a conservative is just a liberal who’s been mugged. Then maybe a liberal is just a conservative who suddenly got this [extremely high insurance premium rate hike] in the mail.


A conservative is a liberal who just got mugged by a criminal.

A liberal is a conservative who just got mugged by a corporation.

A libertarian is a liberal who just got mugged by the government.

Which means all of Indiana’s toll-road traffic is about to be turned into liberals or libertarians, depending on the perception of who exactly is screwing who.


  1. “By one calculation, the Toll Road would generate more than $11 billion over the 75-year life of the contract, a nice return on mig-Cintra’s $3.8 billion investment.”

    That has to be wrong. It’s a 4% return. US Treasury Bonds pay more than that.

    Comment by Brandon Berg — December 20, 2006 @ 1:14 am | Reply

  2. Well, these are statists. To them, the government is de facto the most productive user of a resource, so obviously any private contract will generate a lower rate.

    Undoubtedly the people buying the road have higher estimates of their take, which they aren’t sharing with the state people. Wouldn’t want to frighten them with the prospect of a real profit. 🙂

    Comment by Robert — December 20, 2006 @ 1:35 am | Reply

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