GREEN ENERGY TRIUMPH: $11,000,000.00 SPENT PER JOB CREATED

By Nick Sorrentino on May 9, 2013

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The environment is very important to us at Against Crony Capitalism. We believe in a cleaner planet, we are fans of trees, we like vast expanses of rain forest, we like environmentally friendly materials and energy. But in order for something to be considered truly sustainable it must be sustainable economically. Does the market want a material or form of energy at a cost which makes sense? If the answer is no, if a project is not economically sustainable, it should not be done. Pouring mounds of taxpayer dollars (which are taken from the productive part of the economy) into untested technologies and markets created by government fiat is just poor stewardship. It’s a bad use of money.

Honeywell created 10 jobs with $25 million in taxpayer funds — a cost of $2.5 million per job

By Editor on April 23, 2013

Honeywell’s CEO says he’s “comfortable” with that. Anything in the name of biomass fuel I suppose.

Want a job? Better learn how to tweet.

By Nick Sorrentino on April 11, 2013

Plenty of our readers face the headwinds of a crummy job market every day. Here’s some interesting and valuable advice from Rachael Silverman at the Wall Street Journal on how companies use Twitter to recruit and how one can use the platform to get recruited.

Forever Fed: Jobs Blues Sets Up Eternal Easing

By Editor on April 8, 2013

What else is the Fed going to do? It will likely keep easing until it can’t ease any more. (For whatever reason.) It has no way out.

Think Tanks Vs. Crony Capitalism

By Nick Sorrentino on March 27, 2013

The battle has many fronts.

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Attached is an article by Alejandro Chafuen at Forbes who discusses some of the organizations fighting crony capitalism around the world. He suggests that one of the think tanks involved in the fight develop an index of crony capitalism. This has been floated before and it is a capital, ahem, idea. We are happy to help any organization which is inclined toward this undertaking.

Putin’s Childhood BFF Awarded $7 Billion in Olympic Contracts

By Nick Sorrentino on March 19, 2013

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You know, we’re pretty hard on China for all of its crony capitalism, but Russia runs a very close second. There are more billionaires in the city of Moscow than in any other city in the world, and most of those folks didn’t make their bones in the free market.

Food Stamps Put Rhode Island Town on Monthly Boom-and-Bust Cycle

By Editor on March 19, 2013

The town of Woonsocket rises and falls every month with issuance of food stamps on the 1st. Not a good way to live, that is for sure.

“Hoarders Tax” is right out of the hard core statist playbook

By Nick Sorrentino on March 1, 2013

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In Connecticut a grandstanding bill was introduced recently to tax companies which dare to save their own money. You see, some people believe that the reason companies are not investing in hiring is because the companies just want to sit on this cash for no reason. The companies are “hoarding” their money. CEO and CFOs of these companies just want ski down piles of gold doubloons like Scrooge McDuck.

Unintended Consequences, The Affordable Care Act Already Hurting the Employment Situation

By Nick Sorrentino on February 24, 2013

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Companies are curtailing hours in an effort to obey the Obamacare mandate. If a company has 50 or more employees they must provide health insurance to any worker working 30 hours or more. The alternative for the company is a stiff fine. Managers at Burger Kings and Taco Bells across the nation are sharpening their pencils and changing shifts.

We Should Have a Sequester Every 3 Months for the Next 10 Years

By Nick Sorrentino on February 22, 2013

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There is an old adage when it comes to cutting government spending at the local level, “Fire the firefighters first.”