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Category Archives: Crony Capitalism

‘Prayers please!’ Mother shackled, jailed for honor roll son’s 3 ‘unexcused’ school absences

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.

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Will China build California’s bullet train? (Hope you’re connected)

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.

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This Is What Crony Capitalism Looks Like: Boeing Is Threatening to Move Abroad if It Doesn’t Get to Keep Its Ex-Im Subsidies

Excuse me?

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.

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Cronies are like mushrooms, they grow best in the dark

Technology and open sourced methods of organization—of people, money, and information—represent a real threat to the crony capitalist system.

Cronies are like mushrooms, they grow best in the dark. For too long Washington has been a dank cave of insider dealing and general corruption*. Money is made (legally stolen?) in the shadows.

Time for some sunshine.

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California’s Government Unions Collect $1.0 Billion Per Year

By Ed Ring, executive director, California Policy Center

 

“If you say there is an elephant in the room, you mean that there is an obvious problem or difficult situation that people do not want to talk about.”
–  Cambridge Dictionaries Online

If you study California’s legislature, it doesn’t take long to learn there’s an elephant in both chambers, bigger and badder than every other beast. And considering the immense size of that elephant, and the power it wields, it doesn’t get talked about much.

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The Forgotten Depression (Forgotten because the market corrected so quickly, sans government intervention)

It’s a simple concept but one which is lost on many modern economists and lay people alike.

In the event of an economic downturn get government out of the way. Let markets clear. Then like a forest after a forest fire the economy will come back with real growth. 

Of course no one likes this idea—the one that actually works—because when things go bad everyone wants leaders “to do something, anything!” This action from planners and pols then in turn extends recessions/depressions as was the case during the Great Depression and the most recent depression.

But this was not the case during the acute, but short, 1920-1921 depression. Lack of government action allowed the system to correct and thereby lessened the long term pain.

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