The White House Correspondent’s Dinner is a time when all the news people and some the Hollywood people get together in a lavish display of all that is wrong with today’s America. Glitz and vapid social climbers peacocking around for each other in pure “This Town” style. It is a vortex of self congratulation worthy of Louis’ XVI’s Versailles.
Tim Carney is our colleague at AEI. He has long done excellent work on crony capitalism.
This video was just too good not to post. So yeah, I’ll post what is sure to be a viral monster. I’ll feed the beast. It nails the 1980s. Nails them.
That this video resonates – in an absolutely ridiculous way – is I sense because America is tired of 9-11, and war, and Bush, and Obama. It’s ready to lighten up a bit. Not unlike how America felt post 60s and 70s.
Government Motors is a big black hole of dysfunction. People forget that prior to the 2008 Crash people referred to GM as a healthcare company which just happened to make cars. A pension crisis loomed like nobody had seen too.
Then, poof. World goes into a depression and the union workers get their healthcare and pensions taken care of. Funny how that worked.
GM should be dead and the world would be better for it. Its bailout (along with the big banks) is a disgusting chapter in American history. And as we see in the article attached the bailout continues.
“This ruling padlocks the courthouse doors. Hundreds of victims and their families will go to bed tonight forever deprived of justice. GM, bathing in billions, may now turn its back on the dead and injured, worry free.”
Regular readers of ACC are aware of the current battle surrounding the reauthorization of the Export-Import Bank of the United States. We believe, along with many others, that Ex-Im is great example of crony capitalism which should be euthanized by a Congress which professes to be for free markets and small government. Whether this will actually happen is an open question however as the bank serves some of the heaviest hitters in corporate America, Boeing chief among them.
But for some, including the author of the attached article, the question is why even have this battle at all? Is cronyism really so bad? So what’s a little a public/partnership action? Who are these nuts anyway who want a separation of government and business. Free markets and economic freedom stink anyway.
We’ve documented why Ex-Im is bad from more than just a moral perspective. Taxpayer backed loans to one corporation often disadvantage other businesses. Free markets allow for opportunity and growth. Crony capitalism strangles growth and enriches established firms which get fat, inefficient, and tend to be slower to respond to the customer.
Still some still don’t get it. Jeff Spross at The Week clearly doesn’t.
The point here is that there is some effort to make welfare recipients go through drug testing etc., and that this is humiliating. So we should focus on the welfare the rich get too.
I’m for that.
Thing is this list, almost completely, lists tax DEDUCTIONS as “handouts.”
I resent that some call the White House Correspondents’ Dinner “Nerd Prom.” The people who attend this thing are not nerds. They aren’t socially awkward. They aren’t often particularly smart. They ARE generally good looking. And they are social climbing Cheshire cats. Nerds are pretty much the opposite of the permasmiles parading down the red carpet in Washington. None of these people have ever played Minecraft.
The media and politicians love each other. Movie people make politicians feel like they’re hip. Politicians make the media people feel like they are powerful.
I find the White House Correspondents Dinner gut wrenching and not a little depressing. Yay America!
Saul Alinsky was an effective strategist (if an outright enemy of human liberty – despite what we are told) and his thinking has influenced many of the more control obsessed people in government for 2 generations. Obama, the one time “community organizer” is an acolyte. As are many of the people around him.
Universities are full of Alinsky fans. I was assigned Rules for Radicals, and another book, The New Rules for Radicals, while I was in college. Funny, I was never assigned The Republic.
A couple of other things should be noted about Rules. 1, that Hillary Clinton wrote her senior thesis at Wellesley on the book. And 2, Saul Alinsky dedicated his rule book to “Lucifer.” How insane is that?
Many people wrongly believe that politics is to a large extent a battle between government and business. That the 2 represent opposite dispositions. This is a foolish notion. Business and government are more often partners than adversaries. Especially now.
But crony capitalism has a long history in this country.
Big money is a big concern. That we have two political dynasties trying to extend their influence in the 2016 election is an even bigger concern. And Hart touches on that too.
Strong words. In your face words. Fighting words.
Some good points are made here. But also some bad ones. Matt Lewis is still clinging (it appears) to the 20th Century version of American politics, defined by “conservatives” and “liberals.” Where in the small(er) government camp socialcons rule the roost and libertarians are kind of a tack on. Times have changed.
That being said he is right on his main point. “Conservatives” both social and fiscal should be wary of big business. Lewis is also right that this wariness presents a particular challenge for small government folks as most of the other major societal institutions are in the statist camp, universities, the media, etc.
I remember reading an essay by PJ O’Rourke years ago where he explored the meaning of the term “developing economy.” Why, he asked, was Mexico still a “developing economy”? It was settled long before the United States was. It has natural resources.
The answer is simple and it is complex. Chiefly however it is because Mexico does not have the tradition of property rights and rule of law that we in the United States do. (Did?) Deeds aren’t always recognized, same with other contracts. If the local big shot wants your property, he likely will take it somehow. The law is sort of a general guide more than it is the law. This is the case in many parts of Latin America.