I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.
See where Congress passed a two billion dollar bill to relieve bankers' mistakes. You can always count on us helping those who have lost part of their fortune, but our whole history records nary a case where the loan was for the man who had absolutely nothing. Our theory is to help only those who can get along, even if they don't get a loan.
From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
The problem is that when government controls the economy, those who can influence government keep winning, and everybody else just stays the same.
The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
I do not have an issue with specific countries or companies; what I'm interested in are schemes which allow for preferential treatment, for selectivity... If this has to change, it's countries that will have to change this.
We discover that the fortunes realized by our manufacturers are no longer solely the reward of sturdy industry and enlightened foresight, but that they result from the discriminating favor of the government.
All the corporate welfare, yeah, it goes from cash payments to debt, to regulations on the competitors, to restrictions on trade, to mandates. You name it, anything so that business doesn't have to do a better job of creating value for others - they can just get the system in their favor.
It was the use of public policy to create economics that favored the big players. There were only a handful of channels. And only some people were going to get them and become fabulously wealthy.
See {641989} & {641989} for more on the Radio Channel corrupt giveaway.
In truth, government has been good to Wall Street and big business.
The Export-Import Bank's long legacy of crony capitalism has hurt the livelihoods and businesses of many Americans who don't get special treatment from this misguided government program.
As a presidential candidate, Donald Trump promised to 'fix the rigged system.' By 'fix,' he apparently meant rigging it to permanently benefit billionaires like himself.
There is no difference, in fairness or economics, between lowering taxes on a favored group and spending money on a favored group.