How can America compete with China’s subsidized industries in the 21st Century? Surely we will be left behind and the Red Dragon will come back to swallow us into its state-capitalism fed belly.
Peter Schweizer reports in the Washington Times, that as bad as many believe the auto bailout was, it is likely worse than they imagine.
Is there no end to the insatiable desire of government to control everything? Must the know-it-alls screw up every last bit of the US economy?
The two countries imitate and learn from each other, and we are not talking about science and technology.
We have two establishment candidates for president, but the anti-establishment, anti-Crony Capitalist groundswell still continues.
In the recent debate the Vice President laughed off the issue of cronyism as not that big a deal. Well one can understand why after reading the attached article by investigative reporter Charlie Gasparino. Either Joe Biden has no idea what cronyism is, or he is all too aware that his family has benefited greatly from it and is seeking to deflect any attacks. Read the attached report and decide for yourself.
I have to admit, I kind of like Jerry Brown, California’s current (and former) Governor. On a personal level. He dated Linda Ronstadt which is pretty cool.
Al Gore in 2001 was roughly worth $2 million. A millionaire but barely so. Heck my dentist probably has that kind of money. Al Gore in 2012, and after $2.5 billion in stimulus went to companies he’s invested in, is a bit wealthier. $98 million wealthier.
Nasgovitz has been in the game for a long time (he founded Heartland Advisors in 1984) and has built a remarkable investment company. In the attached interview he discusses the concerns he has for the country and the economy going forward.
From the Mises gathering in New York City earlier this month.
This was originally written as a column for the Star-Exponent.
The Administrative State is on the march. It extends itself into nearly every part of our lives. In business especially so. It is slowing the economy, creating uncertainty for business owners, and increasingly partnering with the largest business entities to crowd out competitors.
There has long been a narrative, nearly 200 years old now (and really much older than that), that business is at odds with the worker.
It appears that they likely did.
Google said they wanted to build a network in a medium sized city, and communities all over America begged Google to make them a test case. But there can be only one winner—Sorry Rancho Cucamonga—and Kansas City won. Given that their football team is the Chiefs and baseball team the Royals, KC deserved to win something. So congrats.
But at ARS Technica Timothy B. Lee rightly identifies that Google has been subsidized by the city (and its taxpayers) to expand there.
In his most recent piece Peter Schweizer offers a simple way to start solving the very difficult problem of crony capitalism. We fully endorse the ideas put forward in his article.
I could not be more pleased that people who are generally inclined toward a faith in government are increasingly being forced to confront the reality of crony capitalism.
To the degree that power is given to the government cronyism and corruption increases. This is understood now even outside of free market circles, and it makes many people uncomfortable. I do love it.
A good example is the attached video from MSNBC where a generally progressive panel—with one exception—discusses the charges of crony capitalism levied against the president by Mitt Romney.
For those who are interested I will be moderating a panel with Professor Zingales, David Stockman, and Peter Schweizer in October on focused on crony capitalism.