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Nick Sorrentino

About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, his work has been featured at Breitbart.comReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.

US spends $7 billion to eradicate opium crop, Crop 50% bigger in 2014 than in 2012

Rest assured that none of the $7 billion dollars went directly to war lords and other avowed enemies of the United States. I am sure the money didn’t go to fund new “deep wells” which enable poppy cultivation in previously inhospitable places, or to finance the transport of heroin into Europe, China, and North America.

Nope. That money, that taxpayer money, was money well spent.

Click here for the article.

GOP Michigan Governor bans Tesla direct sales, GM smiles

Crony capitalism is deep in the DNA of both major parties. Republicans do it. Democrats do it. This is a case in point.

GM is a cronyism vortex. The closer one gets to the company the stronger the crony force is. Taxpayer dollars disappear into it and are gone forever. Common sense too. The free market and genuine innovation? They long ago passed over the event horizon.

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The market is rigged? No : ‘Plunge protection’ behind market’s sudden recovery

The “plunge protection team” (PPT) used to be something which was whispered about. Now it’s openly discussed in the New York Post. Hell will become a frost covered plain before the New York Times  will ever mention the PPT of course.

As I have written before, there is an understanding among traders post-2008. If the market heads into a nose dive the Fed will intervene. It will actively buy futures (and likely whatever else it has to) in the market to buoy the market.

The PPT is kind of like the Israeli nuclear program. No one acknowledges it officially but almost everyone thinks it exists and as such this impacts markets.

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Ebola and CDC: Distrust of White House (and government generally) grows

Government isn’t all bad. A very small and generally limited one can make some sense. I will even go so far as to say that a very modest taxpayer supported safety net for the truly indigent is OK if for whatever reason a private net does not exist. (I think that it would generally however in a very small government world, but that is for another post.) But government is at best, at best, a necessary evil. It is never something to be celebrated, but we unfortunately have celebrated government for far too long in this country.

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Socialists (uni-corporatists) run Venezuela into the ground

Socialism is inherently a crony capitalist system. Basically a true socialist state is a uni-corporate entity. It is a monopoly (more or less) of goods and services (and most importantly force) where the cronies control the means of production. The Soviet Union for instance was basically one giant, very poorly run corporation which killed (often literally) any competitors which challenged it.

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