Larry Summers Blasts Trump Carrier Deal

Excellent article! But look who wrote it!

In his Washington Post article, Summers argues for capitalism operating under a rule of law that applies to everyone, not a capitalism that is based on “deals” with government. We agree. The only problem is that coming from Summers it is the height of hypocrisy.

Summers favors policies that put government more and more in control of the economy, which is a sure recipe for crony capitalism.

Read More

Language in Politics: How Bureaucrats Use Poorly Defined Terms to Expand Government Power (VIDEO)

This video only scratches the surface.

And it’s not exclusively government power that is expanded. Bureaucrats also use language to expand the crony capitalist system as a whole.

Read More

Leaked email shows Democrats knew that raising the minimum wage would cost jobs

The minimum wage debate is one we’ve covered closely here at ACC. One of the primary reasons is we know that a significant increase in the minimum wage above the market rate for unskilled labor will result in job losses. No one wants job losses.

But even though a significant minimum wage increase would pretty obviously put some people out of work, reduce hours for others, and force some businesses to just close up shop, there are those who have continued to push for a higher wage.

Read More

The Obama legacy: An economy choking on red tape

Obama does not get business. He is a product of prep-school and then found his way into Columbia and Harvard. Then he became a “community organizer” in the Saul Alinsky tradition in Chicago. Then he became a politician. He hasn’t spent any time in the world in which most Americans live.

Indeed Obama has been downright hostile to commerce and the private sector since the beginning of his presidency. Remember the “you didn’t build that

Read More

Justice Dept.: Firing migrant workers with expired papers is discrimination

The goal ultimately is to make it harder and harder for companies to fire anyone.

Sounds good for workers right? Well, it’s a double edged sword. If it’s harder to fire it’s much harder to hire. Companies fearing being stuck with poor performers will choose to not hire or to automate.

And check this video out. This is the sort of thing employers have to concern themselves with these days. Good luck keeping all the rules straight.

Read More

Why are Our Urban Areas so Dysfunctional? Truth is Some Politicians Want Their Constituents Trapped in Poverty

As we said in a recent video, there are many reasons why much of urban America is an economic wasteland. We site 2 main reasons however, big government, and cronyism.

Cities are often not very good places to do business. They are typically high tax high regulation zones. Cities often look at businesses as little more than revenue streams. And what can’t be extracted from business via taxes can be regulated out of businesses with laws.

Read More

Capitalism Jamaican Jerk Style on the Streets of New York (VIDEO)

Image: Screenshot Business Insider

I have long contended that restaurants are one of the most capitalistic areas of our economy. Make good food at a good price and people come back. Repeat over and over and over. Keep making people happy and you keep making money.

That is unless the regulators start shaking you down.

This place looks delicious. Here’s their Facebook page if you want to track them down.

Read More

The Economist says the political divide is between “globalists” and “anti-globalists”, no it’s the political class versus everyone else

In the attached article The Economist frets that the trend toward “globalism” (their word) is in jeopardy. And what the magazine or “newspaper” calls globalism is indeed being challenged. The headlong march toward transnational governments embodied in the European experiment is under attack. And for good reason. People feel disenfranchised.

The average person sees a “global order” (again The Economist’s words) which cares little for the “pedestrian” interests of the middle class. The bourgeoisie sees a rising crony class,

Read More

How to make the plebes pay for their own circuses: The great sports stadium jack

Sports makes people lose their minds. Politicians cut deals for the home team. Politicians cut deals for new teams. Owners enjoy tax shelters and subsidies. And the public gets to pay for the stadiums, and the new traffic, and everything else that goes along with a new stadium. Detroit has no money and it still is financing much of the construction of a new arena for the Red Wings.

But stadiums bring jobs right? Heh.

Read More

Bigger government does not mean more “social justice” in fact it often, usually, means the opposite

Socialism has a half life. Once honest to goodness socialism is instituted it is only a matter of time before the system implodes on itself. The primary factor in the speed of collapse is the amount of fat within an economy before massive state intervention and redistributionist policies. If the disease of socialism, hard core socialism, think the USSR, Cuba, North Korea, and even places like Venezuela, really takes hold, if the state assumes pretty much every aspect of the economy,

Read More