Crony Capitalism in America, 2008–2012. By Hunter Lewis
by David Gordon
Those of us who favor the free market must confront a problem. The virtues of the market, and the vices of socialism and interventionism, have been made incontestably clear by Mises, Rothbard, Hazlitt and others. The case for the free market, as these great figures explain it, can readily be grasped and demands no esoteric knowledge. Yet many academics reject the market. They condemn capitalism for leaving many in poverty and for glaring inequalities. How can so many academics fail to grasp what seem to us obvious truths?
Investor, author, and co-founder of Against Crony Capitalism Hunter Lewis shares his New York Times-heralded “highly provocative” opinions in his two newest economic management books, “Free Prices Now!: Fixing the Economy by Abolishing the Fed” and “Crony Capitalism in America: 2008-2012” (September 1, AC2 Books).
If you enjoy ACC you will also enjoy the new book by Hunter Lewis, co-founder of Against Crony Capitalism, Crony Capitalism in America 2008-2012.
When private interests need a political favor, they know whom to call. When politicians need money, they also know whom to call. The people involved try to keep most of it concealed behind closed doors.
This is the system that prevailed in Russia after the fall of Communism. But increasingly it is America’s system as well.
We have incredibly restrictive copyright laws in this country. Big media companies have made the media marketplace worse for the public with these laws and may have even worked against their own interests by lobbying for overly restrictive copyrights according to a new study.
Sadly, AgainstCronyCapitalism.org didn’t make the list.
Camus, Hulxley, Samuel Clemmons, Hemingway, Wells, not much to be learned from these guys says the National Governors Association and the Council of Chief State School Officers. Too much literature in today’s schools. What we need are students capable of reading reports and studies.
Copyright laws in this country are absurd and amount to little more than givaways to the entertainment industry.