Wednesday, August 12, 2015

Republicans and Crony Capitalism

The National Review reports:
From TARP to the Export-Import Bank, crony capitalism has increasingly squeezed out the genuine free market in our economy. It is the reason why so many businesses spend as much time courting politicians as they do innovating and creating. It is the reason why Washington is a buzzing hive of lobbyists, and why six of the ten wealthiest counties in the United States are D.C. suburbs. Crony capitalism costs taxpayers roughly $100 billion per year, according to Cato Institute estimates, and consumers hundreds of billions more in higher prices. It slows economic growth and leads to greater inequality.

Two political parties: one ideology of statism.