What happens when you run out of the people's money? If you hang out at the intersection of Politics Avenue and Economics Boulevard, as I frequently do, you've noticed the ugly fusion of welfare state government and major corporations we have come to call "crony capitalism." It was a mystery to me why progressives, who ... MORE
Showing posts with label crony capitalism. Show all posts
Showing posts with label crony capitalism. Show all posts
Walter E Williams: Favors And Loot For Sale
A political marketplace for cronies. At a July fundraising event in Chicago, Mrs. Michelle Obama remarked, "So, yeah, there's too much money in politics. There's (sic) special interests that have too much influence." Sen. John McCain has been complaining for years that "there is too much money washing around political campaigns today." ... MORE
Veronique de Rugy: The Crony Capitalism Machine
The Export-Import Bank is inefficient and immoral. Congress will soon debate the fate of the U.S. Export-Import
Bank, an outfit that doles out money to favored corporations and
foreign governments. For 80 years, the bank and the crony
capitalists it supports have defeated every attempt to shut it
down. But that may slowly be changing. ... MORE
Labels:
banking,
crony capitalism,
cronyism,
exports,
government,
imports,
politics,
special interest
Free Market Capitalism vs. Crony Capitalism
by Richard Ebeling. In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral profit making. What is often difficult to get people to understand is that this misplaced conception of “capitalism” has nothing to ... MORE
The Shocking Way That Some Prisons Are Kept Full
by Brandon Weber. Crony capitalism hits a new low. Let's see: Privatize prisons so companies make profits on them, create a financial penalty for the state or city they're located in if they don't keep them full, and bribe members of Congress to keep the system humming ... hmmm, can't possibly see how this could go wrong! ... MORE
Labels:
crony capitalism,
incarceration,
incentives,
law enforcement,
police state,
politics,
prison
John Stossel - "Crapitalism!"
The game of political power. There's capitalism, and then there's "crapitalism" — crony capitalism. Capitalism is great because it lets entrepreneurs raise money so they can scale up and get their products and services to more people. If there is free competition, innovators with the best ideas raise the most money, and the best and cheapest ... MORE
Labels:
capitalism,
choice,
competition,
crony capitalism,
government,
innovation,
politics,
subsidies
Brendan Greenley: David Brat Is A True Ayn Rand Acolyte
It’s been a long time since I read Atlas Shrugged. I didn’t finish it. In my defense, I was 19, and I think we can all agree that the book doesn’t succeed as a novel, in the way that when you open a novel you expect characters and a plot. But I’ve been curious, given the increased prominence of the book since 2010, how in this ... MORE
Study Finds E-Cigs Help Smokers Quit Better Than Patches
by Brian Stallard. No wonder big tobacco wants them banned. New evidence has surfaced that suggests using electronic cigarettes
may actually help tobacco smokers kick their harmful habit. However,
past studies have shown just the opposite, meaning that the consensus is
still unclear even as the facts are finally coming in. A study recently ... MORE
Labels:
crony capitalism,
cronyism,
e-cig,
health care,
research,
smoking,
special interest,
tobacco
Special Interests More Influential Than Public Opinion
by Breanna Deutsch. New research supports what many Americans already believe – lawmakers
are influenced more by special interest groups than their constituents. Matt Grossmann, author of the new book, “Artists of the Possible: Governing Networks and American Policy Change Since 1945,” looks at the movers and shakers behind 790 ... MORE
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