That’s right.
Arvind Vermani
21

There is an excellent economic “meme” that has existed since the 1930’s — “Baptists and Bootleggers”. There was an influential book by an economist, with that title. The bootleggers are the profiteers from regulatory restrictions. The Baptists are the people who give the “morality” to the restrictions. An obvious example in our times, is “Green” movements acting like Baptists when it comes to “saving the planet”, while those who have investments in urban property and natural resources are handed predatory pricing powers by the restrictions on new competition to them, giving them mutual interests with the “greens” like the 1930’s bootleggers had with the Baptists.