This is not the way to gain friends. Remember this was back when the bank bailouts were still fresh in the minds of the public. (They will ALWAYS remain fresh for me.)
I took a picture of this ad (for a personal security company) as it was right next to the venue at which I was speaking (on crony capitalism) on Wall Street.
Taxes need to be cut. That is key. That must happen. Deregulation needs to happen. That also is key. The economy needs these things so that it can breathe.
But between Ryancare and the “Russia” dog and pony show perpetuated by a delusional (and wounded) political class in Washington the market is worried about the future.
And then there is the $20 trillion in debt hanging out there because for some reason we find it impossible to cut government.
Some believe Monsanto is the most crony company on the planet. I think it’s in the top tier for sure.
Perceived and REAL corruption. Particularly systematic, often legal corruption. A crony system that is gamed against the unconnected. Yeah, crony capitalism has a lot to do with the anger burning the Establishment around the world.
Technology and information have a lot to do with it too. Whereas before people largely just had to believe the official media narrative (the narrative “sea” through which we swim), now they can challenge what they are told by the information gate keepers.
This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.
Why are we going into massive debt, in part, to pad the bottom lines of these companies?
That was 2013. Times have changed.
Elon is the most likable of the big time crony capitalists but he is a big time crony capitalist none-the-less.
As we’ve said before – there will be wins and losses with Trump.
Going forward the Trump needs to be held accountable. With properties and projects around the world there are and will be many opportunities for crony capitalism to sprout within the new administration. It is incumbent upon those of us who believe in free markets and a non-crony economic system to hold the new administration’s feet to the fire. Cutting the federal workforce is excellent. Handing out subsidies to favored businesses would be very very bad.
Trump has an historic opportunity to rise above the crony temptations which are now laid out before him.
You have probably seen the list of “fake news sites” created by Merrimack College assistant professor Melissa Zimdars that has been making the rounds. But it isn’t a list of “fake news” sites, it is a list of sites that challenge the official narratives put forth by outfits like The New York Times and PBS. At least this is true for many of the sites.
For instance sites like Zerohedge and LewRockwell.com were both on the list which is total nonsense.
Swamps are hard to drain.
This is one people need to watch closely. The Trans Pacific Partnership was a deal done in secret that represents managed trade, that is trade for large vested interests, not “free trade.” One does not need an agreement for free trade. Just let companies trade with one another across borders. Simple. (We are very much for real free trade.)
No, Hollywood, Pharma, many other interests want a trade framework which they can control and that is what the TPP appears to be.
And again, “liberals” should be in quotes.
This one comes from a pro-Bernie friend of ACC.