I saw part of John Stossel’s new special, Crony Capitalism, earlier today on television. This is more must-see-TV that you can watch right here.
That is when Big Business uses the clout of Big Government to get special privileges or protect themselves from the raw competition of the free market. My first example is the story of a little window manufacturer, Serious Materials.
If you’ve read Atlas Shrugged, this will all sound very familiar to you. Toy companies, window companies, hedge funds, tobacco companies, technology companies – you name it – they’re all crony capitalists. They all have lobbyists, and once they bow to regulation they embrace it – to keep out new competitors.
Not only does this special expose crony capitalists, but also what a complete and utter buffoon Rachel Maddow is.
It’s worth watching all six segments if you have the time. Don’t blame capitalism for the recession, blame crony capitalism – created by the government.
You can read more on the tobacco industry’s crony capitalism at John Stossel’s blog.
Part 1
Part 2 through 6 below the fold.
Part 2
Part 3
Part 4
Part 5
Part 6
Videos via The Right Scoop
Two more great posts! You are on fire tonight! I hope you get some rest over the weekend, next week is going to be crazy
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Thanks! I went to bed early last night because I was tired from being up late the night before. Tomorrow…will probably be tired again! I can sleep in a little on Saturday and I’m taking Monday off because the kids don’t have school. Well, I’ll be working – have to catch up hubby’s books to get ready for the tax man. Grrrr!
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the window company responded to stossel.
http://blog.seriousmaterials.com/?p=1007
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