Category: Crony Capitalism

crony capitalism is destroying the American dream

How the Free Market affects Greed

whether income inequality is fair depends on how wealth is accumulated

Cato Institute analyses Corporate Welfare in America.

"Corporate welfare in the federal budget costs taxpayers almost $100 billion a year. Policymakers claim that business subsidies are needed to fix alleged market failures or to help American companies better compete in the global economy. However, corporate welfare often subsidizes failing and mismanaged businesses and induces firms to spend more time on lobbying rather than on making better products."

Cato analyses the wasteful and damaging spending in Washington supporting well connected business and pet projects in an never ending cycle of cronyism. Over $100 billion a year go out of the federal budget in corporate welfare every year at the expense of the taxpayers and future generations.

Two year study of the governments Intelligence apparatus reveals a mammoth conglomerate of some 1271 government organizations and 1,931 private companies working on programs to protect us against terrorism, at an unknown cost. There are 33 building complexes for top-secret intelligence work under construction with more than 3 times as much space as the Pentagon. 50,000 intelligence reports a year. And for what?

Analysis of Crony Capitalism in America, "... corruption of the public and private sectors which touches nearly every aspect of law and regulation, serving to enrich the well-connected and immunize them from the consequences of their actions." Although published by the Heritage Foundation, it appears to take a balanced approach, acknowledging the corrupt influence of big business along with the complicity of the government.

This 192 page online book highlights the interaction of big business and government in promoting and sustaining the wealthy and well connected at the expense of working people and small business entrepreneurs. It looks at the labor market, energy, education, healthcare, regulation, bailouts, welfare, wasteful government spending, personal liberty and foreign policy.

analysis of crony capitalism in America