Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
Tagged: crony capitalism
Most government schools don’t teach – or don’t teach properly – one of the greatest documents in human history: our Constitution. Which produced the most prosperous, egalitarian nation ever. But which government schools by and large impugn as racist and fatally flawed – and thus not worthy of proper consideration.
In today’s edition of The Heartland Daily Podcast, Kenneth Artz, managing editor of Health Care News speaks with Jeff Stier. Stier s a Senior Fellow at the National Center for Public Policy Research in Washington D.C. where he heads its Risk Analysis Division. Stier joins Artz to discuss the FDA’s new food labeling law, a law which will require most food establishments in the United States to list calorie counts for their food items.
Hershey’s – the Candy Man – is a BIG business. Its May 2014 market cap was $23.26 billion.
And Hershey’s is very generous with government. Through the second quarter of last year, it had spent $8,332,000 on lobbying and $845,534 on candidates and elected officials. Tallies no Mom & Pop Candy Shoppe can come close to matching.
The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
The myriad executive branch Departments, Agencies, Commissions and Boards have been in omni-directional fashion vastly exceeding their authority – doing things that are clearly the Constitutional purview of (amongst other others) the legislative and judicial branches.
John Feehery’s piece here on the dangers of rising Republican skepticism for big business is an amusing read, not just because I’m pretty sure nearly every sentence of it can be debunked in whole or in part. The tone is one of desperate confusion: when did the Republican Party stop being knee-jerk pro-business in the subsidies and carveouts and bailouts sense? Why do they want to kill the jobs of hardworking K Street influence peddlers?
Tweet In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral[…]
The Spain-based company, Abengoa Solar, claims to be “a global leader in solar thermal energy.” Its website boasts: “Abengoa Solar is the largest solar plant operator worldwide.” Abengoa went public in October 2013, and since, its stock price has doubled. With the support the White House gives to solar energy and the mandates for renewable energy present in the majority of states, Abengoa sounds like a solid investment. And, that’s the image Abengoa has burnished with full-page ads in the Wall Street Journal to encourage investment. However, rather than a “buy,” Abengoa should be a “sell”—sell quickly—as its American run could be coming to a close.
Crony Socialism is, in part, the government cutting special deals for certain companies – at the expense of other companies, and the free market. It is particularly pathetic when companies publicly troll for this treatment. It’s almost as if they’ve given up on actually, you know, trying.
This weekly podcast features the second half of a conversation between Jim Lakely, Heartland’s communications director, and Yaron Brook, president of the Ayn Rand Institute. In this half of the interview, Jim and Dr. Brook discuss President Obama’s treatment of capitalism, corporate cronyism, and the morality of libertarianism.
Legislators in Harrisburg are considering a proposal from state Sen. Daylin Leach, D-Wayne, that would make Pennsylvania the first state to impose a statewide tax on the use of plastic bags.