When I first learned of this story I wasn’t aware of the ‘bootleggers and Baptists’ angle. One thing to notice and make one leery of this bill is that it has the word “fairness” in its name. The Internet Sales Tax Rush…
Tag Archive for Crony Capitalism
The Revolving Door Between D.C. & Wall Street
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This is unsettling. Definitely click through and read it all. Quite an eye-opener. Via Nassim Taleb. Where Bank Regulators Go to Get Rich – Bloomberg: No need to worry about her and the so-called revolving door between government and Wall…
How Does OWS Want To Be Like Big Wall Street Banks?
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Prof. Coyne makes a fantastic point, in this case OWS does not want less corruption and cronyism, they simply want more of it for themselves.
Corporatism & Crony-Capitalism, Costco Style
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Saw this in the WSJ last night and couldn’t wait to post about it. But I see Our Dinner Table beat me to it, and did a fine job, definitely read his entire post. Costco’s Dividend Tax Epiphany – WSJ.com:…
Quick Look At Agricultural Subsidies
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Many on the right (I think rightly, for the most part) get upset when they see welfare at the individual level, particularly when it’s obviously abused beyond even its normal intentions. But they fail to get concerned about (or perhaps even see)…
Two On Corporatism and Crony-Capitalism
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Excellent brief reads. ‘Economic patriotism’: Corporatism dressed as populism – WashingtonExaminer: How does President Obama please his corporate backers while simultaneously lighting a populist fire? By advocating “a new economic patriotism,” where empty protectionist rhetoric is paired with meaty corporate-welfare…
Robert Murphy on Solyndra
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The always good Robert Murphy breaks-down the Solyndra debacle. Rather long at 6-7 pages, but a good read. (David Henderson summarizes) Robert P. Murphy, Lessons From Solyndra – Library of Economics and Liberty: In September 2011, solar energy giant Solyndra…
Is The Chevy Volt The American Trabant?
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I hadn’t considered that angle, but it makes a lot of sense. This a fantastic column. And the GM response at the end is comical. Chevy Volt Costing Taxpayers Up to $250K Per Vehicle [Michigan Capitol Confidential]: Each Chevy Volt…
This Is Your Brain On Crony-Capitalism
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And despite the similar name, it’s nothing like actual capitalism. Thanks to Dr. Munger for the link. The pic below is just a sampling click-through for the entire thing.
Four On Capitalism, and Crony-Capitalism
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Four good reads, all worthy of your time. And see this from yesterday. Horwitz on the Financial Crisis and Recession: MacWilliams needs to ask himself why, if this was really capitalism, banks would make loans to people they thought could…