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privilege - when law favors private interests
I have previously ranted and otherwise written elsewhere about how the regulatory state tends to promote special interests: sports stadiums, company bailouts, and regulation in general.
I was looking at my archive of Planet Money episodes and found these two further examples: in one, we hear about how a young woman can't braid hair for a living without obtaining a license from the state; another describes something much more widespread - farm insurance programs, where even the recipients recognize them as a private benefit.
These sorts of restrictions hurt consumers everywhere.