If parasitism, favoritism, corruption, and greed for the unearned did not
exist, a mixed economy would bring them into existence.
Since there is no rational justification for the sacrifice of some men to
others, there is no objective criterion by which such a sacrifice can be guided
in practice. All “public interest” legislation (and any distribution of money
taken by force from some men for the unearned benefit of others) comes down
ultimately to the grant of an undefined, undefinable, non-objective, arbitrary
power to some government officials.
The worst aspect of it is not that such a power can be used dishonestly, but
that it cannot be used honestly.