The company has 17 trucks and 30 employees. 2 of the trucks apparently had a defective tire on them when inspected and the federal government cited the company and sent a letter demanding a “Plan of Corrective Action.” The letter was sent by regular mail, and was not received. Getting no response from the business owner the Feds shut down the company.
Basically if one had an individual plan one was likely going to lose one’s coverage. If one was lucky enough to have a large group plan through a company then one was likely to see things remain the same. (Don’t want to upset the employees of corporate donors.)
It’s the small business owners, artists, consultants, etc. who get hammered, which is typical in a crony capitalist system.
It didn’t lose control. Big business still has plenty of sway within the GOP.
In the attached essay I think Simon Johnson gets it mostly right. He asks the same question that is asked all the time in some circles. “What should the government do to encourage entrepreneurs?” A least he says “not too much.”
He’s right about that but he still gives the obligatory nod to government “encouragement.” He is writing in the New York Times so one has to expect this.
It is a weird time in American politics when the US Chamber of Commerce is complaining about Republican members of Congress not falling in line.
The Chamber wants its piece of the government pie too. Sure it wants “small government” in theory, but actually being for small government is a real pain.
An MIT professor examines this question in his soon to be released book, Disciplined Entrepreneurship.
Nothing, absolutely nothing, has raised more people out of abject poverty than free market capitalism. And I don’t mean a mixed system with some socialism and somewhat free markets here and there. I am talking about the real deal, where prices are free to move, free market CAPITALISM. This stands in direct conflict with what many of us have been taught of course.
I couldn’t agree with Senator Rubio more. The GOP has consistently embraced crony capitalism, just like their Democrat brethren. The Republicans like weapons systems, the Dems like welfare programs. But both parties pick and choose. The object for both clubs is to separate tax dollars from the taxpayers to benefit those who will help a particular politician most. Many in Washington can’t even imagine Washington DC working in a different way.
I know, I know, we’ve been told all our lives that the mounds of regulations business must deal with (and the consumer must pay for) are there for our protection. That if it were not for these laws, children would be working 20 hour days in sweatshops and cars would have wheels which fell off every time we stopped at a stop light. But it’s not true. In fact the main purpose of regulations (though not the sole purpose) is to create barriers to entry for competitors.