Mungowitz down at Duke University explains why subsidies and other favors awarded by the government cost more than just the tax payer directly.
I really liked the first iteration of the Tea Party, the one that was more aligned with libertarian values than anything. Quickly however it morphed into a more socially conservative entity which I feared would be completely co-oped by the powers that be. It was.
In this article in The Nation Robert Scheer explains why “It’s good to be Goldman.” Goldman Sachs that is.
If one wants to get paid (via the government/Wall Street axis) the old vampire squid is where it’s at.
There is an adage in the financial advisor world—go after money in motion.
The Superdome in New Orleans Louisiana, site of the Super Bowl on Sunday, stands as a classic example of public/private partnerships in action. Others might call it an example of crony capitalism.
As I was listening to Senator Kerry talk about the evils of money in politics today I remembered this article from last year.
Often big business is both. In a modern interventionist state such as we have, sometimes big business prospers due to the legitimate satisfaction of the market. Sometimes it prospers thanks to friends in high places illegitimately.
Large scale Rent seeking and good economies are not often bedfellows
“In short, TBTF is FUBAR.”
How does one deal with too these giant banks? It is believed widely that if one of the big banks were to implode the whole world might also collapse into a debt chain reaction ending in a monetary singularity.
“Central banking has become the new central planning.”
The crony capitalist conduit has been established. If your corporation wants to influence the direction of policy, this is the place to do it, anonymously. If you want to be a part of the President’s effort, just drop a check into this designated box. Tax free of course.
President Obama doesn’t seem to have a problem with the fact that 49% of American households get some sort of means tested wealth transfer. And this isn’t even counting tax credits.
“A sick joke on all of us.”
All too true. Big corporations have deep pockets to both deal with regulation and also to mitigate regs specific to that business. Small business, the bread and butter of the American economy, has no such luxury.