Think about how “friendly” Paris is. Then consider how “friendly” Paris taxi drivers are. Then consider how “friendly” said taxi drivers are likely to be to someone they see as taking their job.
Sometimes cronies wear pinstripes and sometimes they drive a Peugeot.
Get ready. The robotization of the workforce (and many other things) will rock the world on par with what happened with the Internet. Likely to an even greater extent, though the two technologies are closely tied of course. The coming revolution will change the way we see the world and each other. Will we make good pets or will we transcend many of the limits which shackle humanity?
You better believe it.
Below is an excellent explanation of how public employee unions perpetuate the expansion of government and by extension legal theft from taxpayers.
I have found that the most vehement defenders of government waste, high taxes, and the red tape which strangles the productive part of the economy – the private sector – are government workers. They have a good deal going and they don’t want taxpayers to get hip to their deal. But we are and we are not happy.
Truly some of the greatest crony capitalists of all are those who work in government itself. Think of it. For many government workers taxes are a circular flow. They (and we) pay taxes to finance government which in turn sends them a paycheck.
But for many of us taxes are for the most part just a net outflow. An unrelenting bill. The bill would be a lot smaller if we could cut a large number of these workers from the bureaucracy. Personnel is the most expensive part of overhead.
I like Mike Rowe and I like his general philosophy of work. His perspective dovetails with a quote which has long stuck with me from Ted Nugent of all people, who said that a (not the) key to success was to find something one is good at that ads value to other people’s lives. Then develop that skill. If one can do this one can probably make a living and might even achieve something extraordinary.
As our regular readers know I am generally loathe to post articles which use the terms “right-wing” or “left-wing”. We need to get away from that. However in this case I will happily make an exception.
This is pretty interesting data but it is of course pretty limited too. How do the unemployed vote? (Though they tend not to give to political campaigns presumably and that is where this data came from.) What does the stripper vote look like? (I guess that just depends on which convention is in town.) Or what about the all important lion tamer vote? (My bet, solidly Republican.)
We are not creating new businesses in the USA at the rate we used to. A mixture of factors has contributed to this (as is pointed out in the attached article) but crony capitalism and overegulation (the two are tied) are the chief culprits in my estimation.
It’s always been hard to start a business. It’s always been hard to take an idea, make it grow, and then make it grow profitably. But in an increasingly crony and regulated economy it’s even harder. It’s one thing to have a short stack at a poker table. It’s something different to have the short stack while the big stack established firms get to change the rules of the game and take some of your stack with each hand.
An excellent article from Jack Curtis at The American Thinker.
America has stagnated. It isn’t dynamic. Government is thick and restrictive. Businesses are not being created at the rate they were in the past. 20% of households (according to the attached article) have no one working. 1 in 5 households have no workers.
A poison cocktail of fiat financialization and massive government has dripped into the American bloodstream over the last 4 decades or so. The vigor is gone. Increasingly desperate people look to the welfare state for solutions, or at least a fix.
It is the state which has created this situation, not capitalism. We haven’t had real, non-crony capitalism, in this country for a long time. And the culture of Obama has accelerated this move away from free markets and free prices.
They say that parasites rarely kill their hosts. But sometimes they do.
Crony capitalism is bipartisan, transpartisan even.
Though there is a general rule which holds, and that is that the degree to which a politician enables the state is the degree to which that politician will probably enable cronyism. The bigger the government the more crony the government. It’s just the way it is.
The only real way to fight crony capitalism is to lesson the catalyst which makes crony capitalism possible, government. There is no “electing good people” to government and then having a large government “work for the people.” Government corrupts. It is at best a necessary evil. For the most part, get it out of the way.
Hint: None of the good cities are in California, New York, or Illinois.
I run this clip periodically because I think it is one of the most important presidential speeches caught on tape. It is of president Eisenhower, who was the commander of American forces during World War 2 warning of the emergence of a powerful armaments industry in the United States, and the danger of such an industry. It was his farewell address to the nation.
I am a navy brat. My father is/was a Cold Warrior. I’ve spent a good part of my life around the Military Industrial Complex and I believe Eisenhower’s warning was dismissed and continues to be dismissed simply because so many people make money in the war machine. People go into the military, retire on a pension and then enter the military contracting game. It’s a very complicated works program which is championed by supposedly small government “conservatives.” (They aren’t really conservatives.) It’s a shame actually. Our military should be much smaller and much smarter.
Every time I post this video somebody gets upset and explains to me why it is that we should have a military apparatus which spans the globe. This time the rule is – anyone can make the same argument – but only if they’ve never gotten a dime from the Military Industrial Complex.
Explaining why we need to reduce the size of the military to some is like trying to explain to a UAW guy why GM should have died in 2008.
We’ll see. But we are very pleased that crony capitalism has emerged as a key issue in the 2016 presidential race. It is one which we obviously believe is of vital importance.
The American people have consistently rejected union coercion across the country. Right to Work laws haven’t gained traction simply because a group of anti-union CEOs have wanted them. Right to Work laws are supported to a very large degree by voters. There is no reason why any place of business should ever be a “closed shop.” Workers shouldn’t have to pay union bosses for a job. Never mind that the businesses aren’t owned by the unions, so why should unions determine who can be hired anyway?
But in the face of this rejection the unions have resorted to enlisting the bureaucrats in DC.
Regular readers of ACC are aware of the current battle surrounding the reauthorization of the Export-Import Bank of the United States. We believe, along with many others, that Ex-Im is great example of crony capitalism which should be euthanized by a Congress which professes to be for free markets and small government. Whether this will actually happen is an open question however as the bank serves some of the heaviest hitters in corporate America, Boeing chief among them.
But for some, including the author of the attached article, the question is why even have this battle at all? Is cronyism really so bad? So what’s a little a public/partnership action? Who are these nuts anyway who want a separation of government and business. Free markets and economic freedom stink anyway.
We’ve documented why Ex-Im is bad from more than just a moral perspective. Taxpayer backed loans to one corporation often disadvantage other businesses. Free markets allow for opportunity and growth. Crony capitalism strangles growth and enriches established firms which get fat, inefficient, and tend to be slower to respond to the customer.
Still some still don’t get it. Jeff Spross at The Week clearly doesn’t.
The income tax is absolutely crazy if one takes a moment to think about it. We’ve become so conditioned to accept it that we don’t even realize how ridiculous it is. The government taxes one for being productive, for creating income for one’s family, for doing one’s part to grow the economy. It doesn’t make any sense.
But there is a vast government infrastructure which depends on your money. There is also a political constituency which believes that it is the government’s duty to take income from some in the name of “social justice.” That this money happens to flow back to many of the people calling for “social justice” is a coincidence of course.
The point here is that there is some effort to make welfare recipients go through drug testing etc., and that this is humiliating. So we should focus on the welfare the rich get too.
I’m for that.
Thing is this list, almost completely, lists tax DEDUCTIONS as “handouts.”