Forgive them because they cannot help themselves. Progressives have a metabolic urge to boss around the private sector. It is not just that, as is said, progressives do not care what people do as long as it is compulsory. Progressives want to be compellers because they think they know exactly what people must be made to do if progress is to arrive.

On a recent morning, a Wall Street Journal front-page headline said, “Buybacks Set Pace for Record,” and the New York Times‘s lead Page 1 story reported that semiconductor manufacturers seeking government subsidies must curtail buybacks – corporations repurchasing their stock. Hostility to buybacks arises from foggy economic thinking that is encouraged by the progressive animus against the people and processes that create the wealth that progressives delight in redistributing.

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