printMention Justice Department Ãœberbloodhound Patrick Fitzgerald, and the Securities and Exchange Commission in one breath, and even the dimmest libertarian ought to see warning lights flash. These entities are involved in the recent indictment of Conrad Black, former chairman of “one of the world’s most renowned newspaper groups,” on “eight counts of mail and wire fraud. … This epic fight, more fundamentally, is about property; it goes to a proprietor’s prerogatives in the increasingly socialized corporation. … But mostly, the bruising battle concerns an out-of-control, bloated behemoth of a state. Bush’s “New New Deal,” including the Sarbanes-Oxley’s sweeping provisions, has accomplished what FDR failed to: the final federalization of corporate governance law. This machine, now capable of occupying every company across the land, has been commandeered by private parties to do their bidding against Black. In the process, the rent-seekers and their racketeers have dismantled a business they don’t own.
The excerpt is from my new WorldNetDaily column, Crucifying Conrad (Black). Comments are welcome.