Wednesday, July 02, 2008

Libertarian Porn Director John Stagliano Bashes The L.A. Times

Libertarian porn director John Stagliano bashes The L.A. Times:
Unfortunately, there is an economic self-interest on the part of government officials, most law professors and The Times to have these freedoms vulnerable to the machinations of government. The Times (in its coverage of politics and law), law professors vested in subjects concerning the scope of government and government bureaucrats are all far more important in the world if personal choices are open to being controlled by the government. They have power over the freedoms of people, and power corrupts on all levels of government nearly all the time.

The Times is filled with articles about abuses of power by officials in all levels of government. Stories about government corruption are more common than those about abuses in the private sector. Even the housing crisis can be traced to pressure put on banks by the government to lend to anyone and to not "discriminate" against people on the basis that maybe they cannot pay back a loan.

I worked in the savings and loan industry in the 1970s and early '80s. I saw firsthand the deals that institutions made to satisfy regulators' political concerns about redlining and the abuses executives committed because their deposits were "insured" by the government. They "gambled" on risky loans, which cost them nothing personally if the deals went bad (we know how that turned out) and made them lots of money if the loans paid off.
The L.A. Times isn't much into freedom.