The American Medical Association claims to represent doctors. But it is very much part of the crony coalition which put together the broad outlines of Obamacare in meetings inside the White House. In return for going along with the government, the association receives most of its funding from a medical coding monopoly granted and protected by the Department of Health and Human Services.
Crony capitalism works great for the cronies. The executives at companies which secure government privilege often benefit handsomely. But according to a new study from the Mercatus Center workers at these privileged companies do not benefit very much if at all from the largesse. Most of the taxpayer money is captured by the upper echelons of management.
The deeper federal control of business gets, the easier it becomes for politicians to exact tribute from business owners.
It never stopped being Government Motors. But the “partnership” seems to be strengthening again as the ignition switch scandal continues.
Our government is gunning up. Earlier we reported that all sorts of alphabet soup agencies now have their own SWAT teams, including believe it or not, the Department of Education.
“Up against the wall mother******! This the Department of Education! Now where are you hiding the Cliff’s Notes? We know you have them!”
In fairness, who doesn’t build wind turbines to lower their corporate tax rate? Am I right?
Gee I wonder why.
The dividing line between “good” billionaires and “bad” billionaires for Reid isn’t even between Republican and Democratic billionaires.Sheldon Adelson, the gambling magnate Harry Reid defends in the attached piece is a Republican who just held a gathering where GOP presidential hopefuls made their case for his money. No, the split for Desert Harry is between those who play ball, crony capitalist ball, and those who want to reduce the size of government.
The establishment, especially but not solely the establishment Left, is concerned with the rise of online news. Since the dawn of mass media statists have basically controlled the information outlets. The official narrative was until recently controlled by gatekeepers who usually heralded from the Northeast, went to certain colleges, and had a certain worldview. Anything which contradicted the media consensus narrative could be tossed aside as “outside of the mainstream” and therefore illegitimate.
A recent Brookings Institution study determined that the US is at its least entrepreneurial in decades. Companies are dying, and new companies are not coming online fast enough.