Wonderful look at key implications of government acting as the risk mitigator of choice.  This article focuses on socializing risk of individuals but the same exact story can be told when you look at government socializing risk for corporations.  Only corporations now have the means and right to “buy” the elected officials of choice.

“One product of all this activity is the creation of the belief that states are the most effective entities which can mitigate risk. There is little empiric evidence that this is the case. Perhaps the worst hazards associated with this belief system are the moral hazards where embracing the idea that state risk mitigation activities insulate people and entities from risky behaviors, thus influencing behaviors in such a way which increase the likelihood of the very things we all want to avoid.”