Why do virtually none of these politicians, when they leave office, found their own non-political firms. Donald Boudreaux

Here’s a quick question for anyone who takes seriously politicians’ pronouncements about what particular industries are “vital” or are “of the future” or are “crucial to meeting consumers’ needs”: 
Why do virtually none of these politicians, when they leave office, found their own non-political firms?
 Why do virtually none of these politicians, when they leave office, found their own non-political firms – firms that specialize neither in granting clients access to incumbent politicians nor in projects that depend upon getting subsidies or other favors from those same politicians?


And what of Pres. Obama?  Even if he wins a second term in the White House, he’ll be only 55 years old when he leaves office.  Will he found and run a health-insurance company?  How about a ‘green’ energy firm?  Or will he, perhaps, found and run a firm specializing in offering middle- and low-income Americans better and more fully disclosed access to consumer credit?  Will he create a successful automobile firm?

I’ll bet (seriously) a good deal of money that he’ll do none of these things.  He’ll not even try.  And for good reason: not only does he know nothing about these matters, he knows nothing about finding investors willing to stake their own funds, or about finding skilled workers and managers willing to cooperate together in such upstart enterprises, so that such enterprises become realities with real prospects for success.





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