This is an excellent report from Good Jobs First, a “good government” advocacy group, which also maintains the very useful SUBSIDY TRACKER tool. The report breaks down the crony game since 2000 quite nicely.
Corporate welfare in this country is massive. (As we illustrate day in and day out.) In many respects it puts regular welfare to shame.
The spirit of the free market is alive and well in many parts of the world, including in many places where free markets have long been denied. Brazil for instance.
Where there is capitalism, where there are free prices and free markets wealth is created. Where the state sucks like a leach off of the population enriching the political class and placating the poor, wealth is destroyed.
For those who believe in work, in innovation, in liberty, in human potential, indeed in justice, free enterprise is the way forward. It is not in socialism and crony capitalism. Those are the paths of economic death. The Soviets showed us this not so long ago.
Free prices and free minds. Let people be what they can be, and watch the economy blossom. Kim Kataguiri understands this and increasingly so do the people of his homeland.
Way to go Mr. Kataguiri. Take it to the streets. We are watching. The world is watching.
It was supposed to be all private money but alas even in death Teddy Kennedy has found a way to take from the American taxpayer. That the money is going to his own self aggrandizement would have pleased him. That the money came from “defense” would have pleased him even more.
Hey, it’s good to be rich. It’s particularly good (if one is a crony) to be rich and connected. It’s nice to be able to make a phone call or email and get a “certificate of divestiture” which allows one to to defer indefinitely the capital gains taxes on gains made on the stocks of the healthcare companies one used to work for. (Before heading a government agency which regulates said companies.)
It’s good to have friends in the State Department, particularly if that friend is Hillary Clinton. It’s also good to have friends in the shadowy underworld of private international intel, particularly if that friend is Sidney Blumenthal – apparently. Remember him from the 90s?
Google is a highly politicized company. An ardent supporter of the current president, members of Google’s senior staff even helped Obama get elected in 2012. This would be bad enough if Google was in the business of oil, or cars, or even jet fighters. But Google is in the business of INFORMATION.
Hey, good for him. He’s arguing against a push by the Actors’ Equity Association, to impose a minimum wage on small theaters. These theaters are basically volunteer operations, many showing old movies for a handful of people a showing. Places, usually tucked away in college towns and hip neighborhoods where one can see Gone With the Wind, The Rocky Horror Picture Show, Fantasia, or Doctor Zhivago* on the big screen.
But these theaters might disappear overnight if the AEA gets its way. Robbins understands this.
We’re pleased to see movement in this direction from Jindal. We are even more pleased to see that the fight against crony capitalism is becoming a vital issue which candidates feel they must address in the upcoming 2016 election.
Well this is pretty interesting. I think most of us who are paying attention have lost a lot of faith in cash over the past few years, but it sure is something when the head of the Federal Reserve admits on camera that the dollar isn’t a “convenient” store of value.