How much of US corporate profits comes from cronyism? Maybe a lot and growing

This is a big problem people. Businesses are increasingly getting addicted to the government extracted money which comes from you and me. (And from our children and their children’s children.) Good to see even the folks at Harvard getting hip to this. Now if we could just reduce the key to crony capitalism, the thing which insulates these businesses from competition and which costs consumers billions, crony government. (And really there is no other kind.)

Read More

Fmr. McDonald’s USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour – says we’ll see job losses like we’ve never seen

And the robots will only get better and cheaper.

Again we ask how it is that the SEIU and the other unions agitatiting for a radically higher minimum wage don’t understand that they are putting people out of work?

My bet actually is that they do understand that there will be big job losses but that they figure in the short term in states like California and New York there is hay to be made and perhaps new union dues to extract.

Read More

Chicago’s corruption tour for tourists

This guy (or someone like him) should set up one of these in Washington DC. I’ll bet it would do serious business. No joke. I’d go on it and I go to DC all the time. Just start at the Watergate and work one’s way to the Capitol.

As for Chicago it’s pretty amazing the amount of corruption which comes from the place. Some people even believe that Nixon would have been president in 1960 if it were not for vote rigging in the city.

Read More

Some CEOs don’t like that cronyism is increasingly under the microscope

“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,

Read More

Illinois has 7,499 teachers getting a $100,000+ PENSION, No wonder the state is crumbling

My family is full of teachers. I respect teachers. I value what they do. But let’s get real here. This – as my old buddy might say – is “a straight up jack move” from the unions. This is theft from the taxpayers. Sorry. I know your union “negotiated” the pensions with politicians which got money from your union but it is just stealing with the veneer of bureaucratic legitimacy. You know it. We know it.

The median household income (total) in Illinois is $54,916.

Read More

Clinton says she’ll release Goldman speeches when others release their private speeches, Howard Dean attack Sanders’s union support?

“Labor unions are super PACs. Now they’re super PACs that we like, so Democrats don’t go after labor unions.” -Howard Dean

This is not a bad rhetorical tack as it is basically the only one Hillary has if she wants to continue to hide the transcripts. (By the way, there has got to be someone who recorded those speeches on their phone. Must be.)

And Howard Dean, Mr. Moveon.org, Mr. “Progressive” is attacking Bernie Sanders for his connections to unions?

Read More

Unions, trial lawyers, government agencies, enviros, engage in crony capitalism too

Yesterday we covered an article in Newsweek where the author took issue with much of what he believed (and is) the hypocritical nature of some of the Republican candidates for president on the issue of crony capitalism. Marco Rubio and his embrace of sugar subsidies, an issue for which this website has taken him to task, was the prime example.

But the Newsweek piece was a clearly partisan one.

Read More

Supreme Court may limit ability of public unions to forcibly take money from ‘members’

This would be a positive for the country. (Though some will of course wail.) Unions shouldn’t be able to just take money out of people’s paychecks just because a particular union says that it represents a particular worker. That’s crazy.

Read More

Which Initiatives Will Qualify for California’s 2016 Ballot? Look for the Union Label

By Ed Ring, executive director, California Policy Center, December 15, 2015

“There are some lunatics out there and for $200 we encourage them.”
– Senator Mark Leno, speaking in favor of AB 1100, as quoted by the Los Angeles Times, August 17, 2015

Filing an initiative in California is about to get a lot harder, thanks to a law taking effect on January 1st,

Read More

Extra pay for Chicago police and firefighters is excessive, unsustainable (Taxpayers get out now.)

A few weeks ago we posted on Finnish police wandering the streets of Helsinki looking for pizza which was priced “too cheaply.” The reason? The fear that pizza vendors were selling at a price which didn’t generate enough sales tax revenue for the socialist country. In that post we explained that in many parts of the American big government archipelago, the Northeast, parts of the urban Midwest, and much of California it was likely only a matter of time before “pizza police”

Read More

When allowed to leave the union many public sector workers do (People don’t like unions taking dues from them with every paycheck. Shock!)

I have often said that if private unions do not act in a crony way, they are perfectly legitimate. If a group of people want to come together to collectively bargain and sell their labor in bulk I think this can be OK. A contract can create a sense of stability for both management and workers. But the only moral way to do this is without coercive action from government. Unfortunately unions seem never to stray far from their crony friends in government.

Read More