Cartels rarely survive very long without the backing of the government. The big trusts over the years have only continued on over the long term if they had the protection of the state. In a free market with free prices monopolists are constantly undermined by new firms, with newer equipment and better methods. There is no better trust buster than the market.
If however the companies in power at a particular time can buy into the government and create a regulatory moat around their firms the old, less innovative guard can remain in place. A key part of crony capitalism.
Below the master Murray Rothbard discusses this phenomenon in a short excerpt.
There are more groups like Crossroads out there these days. More dogs. But more important than that is that Rove and American Crossroads are associated with George Bush and an era of big government “conservatism”. George Bush and Karl Rove blew up the modern (Reaganish) conservative movement. Many have not forgotten this. That Rove has explicitly targeted the libertarian/conservative coalition hasn’t earned him any friends either in a rapidly changing party.
Let’s see. The child was on the honor roll, so he was doing OK. But the Sheriff felt the need to put this woman in jail, a working substitute teacher. Because that clearly helps whatever issue is going on, if there is even an issue.
The state should never be given this sort of power. Ask yourself if the child had been the son of a deputy whether that deputy would have been hauled off to the clink. Or the cousin of the DA? Or, well you get the point.
This is a huge piece of legislation. The administration (and many others) want a simple up or down vote on the treaty and no debate (or amendments) in Congress. Obama would prefer the TPP pass before we get to see what’s in it. Some in Congress are saying that they don’t want to do that again.
And here’s Nancy Pelosi in front of a Chinese bullet train. Oh, people are going to make bank on this thing.
China is the ultimate crony state and it may just export some (more) Sino-cronyism to our shores—well, California—soon. Cali wants a bullet train and China has the know how and the financing to build one.
If it’s the best product at the best price, hey have at it. Thing is, bullet train+California+China just has gigantic boondoggle written all over it. It will be a crony feast.
OK, Boeing has every right to go wherever it chooses as far as I’m concerned but this sort of posturing should be kept in mind when it comes time to award defense contracts. Basically the company is holding a gun on some members of congress and demanding money from the taxpayers—or else. This kind of behavior should not be rewarded.