Carney lets Obama off too easy here. Not only does Obama leave a corporatist legacy, Obama is himself a corporatist, or more specifically and we’d say more accurately a crony capitalist. Obama used government both passively and actively to enrich his friends (and ultimately himself). The president also sought unceasingly to further entwine business and government so that crony fruit could be plucked by allies in the future. He gave away much to pharma and the health complex in Obamacare.
In another life I would have said that this was clearly progress, the head of a communist/socialist country meeting with the head of the US Chamber of Commerce. Nowadays, I am not so sure.
Nice going Senator. Your final tour is off to a bad start.
George Monbiot of Britain’s Guardian newspaper seems to think that Mises is indeed the progenitor of today’s crony capitalism and more.
Surprise to Harwood maybe. (But how could it be at this point? How daft could he be?) But not a surprise to us or likely many of our readers.
Harwood is, as you may remember the the chief political correspondent for CNBC who also ran stories by and offered advice to the Clinton campaign. (This was exposed by Wikileaks.)
The predictions by the “remain” camp prior to the Brexit vote were dire. A “leave” vote would trigger a recession in the UK if not the world. Companies would pack up and leave Britain for the EU en masse. Life as Britons knew it would end.
In a sense the fear mongers were right. Life did change for Britons, but for the better.
I wonder why the economy would react positively to the prospect of being cut loose of the crony monster in Brussels?
Sessions will be confirmed but small government people need to keep a close eye on him. Some of his positions are very big government and benefit the current crony system.
Marijuana laws for instance should be liberalized and dealt with on a state level. That is the CONSTITUTIONAL position and as such it should be the position of any American conservative. Yet Jeff Sessions appears to have a beef with pot even though pot legalization at a state level was one of the few wins fans of small government had during the Obama years.
See, without licensing pandas might take over the industry!
Amen Senator Paul.
But “Fight for 15” right?
This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.
Why are we going into massive debt, in part, to pad the bottom lines of these companies?