Bureaucratic Bloat is Part and Parcel of Capitalism
The following post was prompted by the Daily Beast article linked below.
I know, the easy response to this article is to blame the usual liberal reaction to Big Money. And in one important aspect this is quite correct. The problem with liberals is that they are simply Republican Light. They still cling to the notion that Capitalism can be reformed and managed; as in to say tamed for the overall benefit of social cohesion and equity. After a century or more of this, however, with the way laws and government layers build up upon themselves, you get bloat that often works at cross purposes, not to mention ever more inefficiently.
What needs to be recognized here is that trying to curb, or counter act, the power of Big Money, while sticking with the organizational model that makes not only money possible in the first place, but also the insane accumulations of it, is tantamount to letting the inmates run the insane asylum.
The fact of the matter is that Capitalism no longer makes any sense in the age of electronic processing systems; systems where skill or technique of any kind can be rendered into a sequence of one's and zeros. In that environment not only does human skill become absurd as a commodity, but the power to translate information into effect makes money orders of magnitude more concentrated as a lever in the hands of a few; precisely because money, any more, is itself only one's and zeros in those same processing systems. And, by extension, when you rely on a system of government where an informed people is absolutely essential, what hope do they have of having truly unfettered access to critical information when it is both gold and a currency?
What we have here is a situation that is no different than one faced by the software industry as a whole. Complex operating systems, or even just complex task processing systems, get developed to meet the requirements dictated by the current operating environment. Nothing remains static, of course, and so needs will change, requiring corresponding changes in the coded system. A point always comes, however, where the operating environment has changed to such a degree from the original state that prompted the systems initial design that you must start over. You must do this precisely because any further changes not only risk diminishing returns because of the whole "fix the problems the original fix created," situation, but also because the thicket of new code usually impacts overall performance in ever increasing degrees of negativity.
In this Capitalism is no different. It is simply time to start over. The sooner we face that the better off we will all be.
Addendum: This article from the Daily Beast only restates my point here from another perspective. The problem with this other perspective is that it simply chooses to ignore the ultimate folly of continuing with the back and forth of "Big Government" trying to temper "Big Money."