Tag Archives: London

UK Independence Party wins first seat in Parliament

UKIP has become a legitimate force in British politics. They gained even more legitimacy this week with the election of Douglas Carswell to Parliament. And, we are pleased to say, fighting crony capitalism appears to be at the top of Carswell’s agenda.

Well done.

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Pfizer to leave the US because of high tax rates, Makes a huge part of its money from tax funded government programs

The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.

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Ambassadorships for sale?

The USA leads the world in giving ambassadorships to non-career diplomats, aka cronies. All one needs to do is bundle half a million or so for the president (any president) and boom – a sweet diplomatic post.

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Carnival Against Capitalism in London, Should Be Against “Crony Capitalism.”

People are chaining themselves to barricades and waving red flags in the streets of London in protest of the G8 talks. The protest has been called a “carnival against capitalism.” Sadly these folks do not understand the vital difference between “capitalism” which is voluntary and provides opportunity for those not blessed with access to the modern aristocracy, and “crony capitalism” where the state is hijacked by the powerful to line their pockets and consolidate power.

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