It is an interesting idea, somewhat reminiscent of the idea in economist James K. Galbraith's book The Predator State, which developed on more ideological lines. Galbraith related to Thomas Frank in the Wall Street Journal:

"The 'predator state' describes what happens when chicken coops are given over to foxes," Mr. Galbraith continued. "When consumer protection, worker protection, environmental protection, and policing against fraud are handed over to lobbyists. And when health care is run for the benefit of private insurance companies, whose business model . . . is to target coverage on the healthy and delay payments to the sick."