Photo from The Economist

A POPULIST REPUBLICAN CANDIDATE COULD MAKE A LOT OF HAY OUT OF THIS: How Crony Capitalism Works:

“…elite professionals and financiers (who encompass the lion’s share of the 1%) have managed to engineer protectionist rackets.” Examples: : Dentists lobby for rules that prevent dental hygienists from performing teeth-whitening; the lawyers’ guild sustains extortionate rates in part by making sure that less-credentialed workers are blocked from performing even basic administrative legal tasks; college […]

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Cronyism

Renewable Cronyism

“The fact that Sen. Cruz is leading in Iowa and has been clear in his opposition to the (ethanol) mandate should put all of the subsidy-hunting lobbyists on notice that their days are numbered…if he wins, It would kill investment in second generation biofuels by creating “uncertainty” about future levels of government support.” No wonder […]

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754c9465-4801-408f-8913-ab9f1d6b5da16

The Tip of the Climate Spending Iceberg

Lockheed Martin, a recent Washington Post article notes, is getting into renewable energy, nuclear fusion, “sustainability” and even fish farming projects, to augment its reduced defense profits. Paul Driessen | Mar 28, 2015 | www.townhall.com Lockheed Martin, a recent Washington Post article notes, is getting into renewable energy, nuclear fusion, “sustainability” and even fish farming projects, to augment its reduced […]

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About 97% of all Maryland’s tax incentives for film production go to ‘House of Cards’ and ‘VEEP’

What you call crony capitalism. By Hunter Schwarz | December 2, 2014 | www.WashingtonPost.com/blog Kevin Spacey as Francis Underwood, left, and Robin Wright as Clair Underwood in a scene from Netflix’s series, “House of Cards.” (AP Photo/Netflix, Nathaniel E. Bell) Maryland’s tax incentives for film production only brings in 10 cents for every dollar spent, and the legislature […]

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Export-Import Bank

CRONY CAPITALISM AND THE GOP FAULT LINE

A GOP willing to battle crony capitalism can remain the party of choice for pro-business conservatives. Republicans will still be the party willing to protect business from over-regulation, high taxes, etc. JUNE 28, 2014 — PAUL MIRENGOFF | www.powerlineblog.com Yesterday, I discussed a new study by the Pew Research Center. It identifies two main groups of Republicans — […]

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Blue State Policies Increase Income Inequality

How did Mississippi make the top 5? Crony capitalism? Sunday, June 8, 2014 Wall Street Journal op-ed: The Blue-State Path to Inequality, by Stephen Moore (Heritage Foundation) & Richard Vedder (Ohio University): For those in Washington obsessed with reducing income inequality, the standard prescription involves raising taxes on the well-to-do, increasing the minimum wage, and generally expanding government benefits—the policies […]

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