This letter to the editor of the Monterey Herald from local libertarian Lawrence Samuels seems like a good discussion topic. Please feel free to weigh in:
Don’t fumble away Cal Am in political football game
In responding to “Cal Am takeover bid eyed,” it is nothing new that the anti-water crusaders want to force the sale of a business concern via eminent domain. This type of government seizure occurred in the 1930s all over Europe. Mussolini nationalized three-fourths of his economy in 1934. The National Socialists of Germany did the same, confiscating over 500 large companies through Reichswerke Hermann Göring in an anti-capitalist bid to establish a command economy and to increase the redistribution of wealth.
One of the main reasons why Italy’s postwar economy did so poorly was its political ownership of most businesses, exacerbated by an unmanageable bureaucracy built up during Mussolini’s regime. American forces tried to unravel Italy’s economic inefficiencies and corruption, but found the task daunting. And yet there are still people who want to repeat history at the expense of an unsuspecting public.
Government ownership of an enterprise is like a political football game where powerful insiders always score as both victors and beneficiaries. You would think that the world would have learned its lesson from World War II. Please, leave Cal Am outside of the inherent inefficiencies of government bureaucracy that can only make prices even higher.
— Lawrence Samuels, Carmel