In another life I was a property and casualty insurance underwriter. I would assess risk and figure out if premiums for a given area were enough or too much. Was the company too exposed to hurricane damage? What about earthquakes? Balancing risk with premium was the name of the game.
Given my background I have never understood how Obamacare was going to “work.” Obamacare seemed (and is) an adverse selection machine. The sick are more likely to sign up and the healthy have shied from the program for any number of reasons.
Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.
Laws should be simple and straightforward. They should be few. They should be transparent.
To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,
“The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent industry conference.
“Anti-business” and “anti-market” are 2 very different things.
Many feel frustrated these days. There is the sense that there is an agenda and that everyday people are not part of that agenda.
Many people have been under considerable economic pressure since the Crash in 2008,
The EPA spill on the Animas.
We have said this multiple times in this space. There is no greater polluter than the government. Yet so many environmentalists place such faith in government. It’s strange. It’s like a girlfriend who thinks she can “change” her new boyfriend. – It usually doesn’t work out well. The words “abusive relationship” come to mind.
What if you came up with a better mousetrap? Would the world beat a path to your door as the saying goes?
What if in order to sell that mousetrap you had to get approval from the government? And what if the government had friends at the old established mousetrap company with which you wanted to compete?
What if your mousetrap technology approval was delayed by the government and then the old established mousetrap company suddenly decided it wanted to use your new mousetrap technology?
All I can say is we made the case for making Detroit an economic “free zone” back in October 2012. Not that “free zones” are our idea. Free market/price advocates have made the case for them for years. It’s good to see the idea getting some real political traction.
Free up places which are disasters. Make them business friendly. Lower or eliminate taxes. Let people innovate. Many of our cities have little to lose at this point. Other than a rigid fear of free markets why wouldn’t one want free zones in areas of economic despair?
Google and Obama are tight. As we’ve documented below. The company is also a massive defense contractor now, so that’s good.
Businesses often want government to institute monopolies because maintaining a monopoly in a relatively free market in anything is practically impossible.
The crony vestiges of the temperance movement (which was hijacked) still linger in The Old Dominion.
I am a proud Virginian. I live in Thomas Jefferson’s home town, Charlottesville. And on this day, TJ’s birthday, the birthday of a man who loved both spirits and liberty, we submit this video your review.
Pain must be managed and suffering is overrated. However, we are in the midst of an opioid bloom in this country. Lives are being destroyed. People are trading one type of suffering for another all across this country. It’s a tragedy writ large.
We’ve covered the roll of cronyism and how it has factored into the current drug crisis. It was a factor in getting this ball rolling. It would be a horrible shame if the massive bureaucratic beast which is Obamacare helped to perpetuate the current troubles.
I live in craft beer country. There are a handful of breweries within a stone’s throw. This is something I like. I don’t however like the cronyism which seems increasingly attached to the small(er) batch side of the industry. (Cronyism runs rife through big batch beer too of course.)
A six pack purchase is a great way to vote against crony capitalism by the way. A little research and one can find companies which do their thing without mooching off of taxpayers.
The effort to increase the minimum wage is driven by a mix of economic ignorance, self interested unions which will benefit from such an increase (dues, adjustments to other contracts etc.) and good old political opportunism.
Some will never understand (or prefer not to understand) that the business owner provides a service which has value in the marketplace. A business preforms or it goes out of business.
No doubt discussing “Fed independence.”