Trade-offs: Who Should Government Protect?

From WCCO.com:

With retail giants Target Corp. and Wal-Mart Stores Inc. rolling out programs to sell generic drugs as cheaply as $4 a month, some Minnesota lawmakers want to take a closer look at a Depression-era state law meant to shield small retailers from big chains.

...thereby lowering the standards of living of consumers. 

Wait.  What????

Where have I heard this before?

HT to Prof's Karlson and Banaian.