Thursday, July 24, 2014

Crony Capitalism

My brother-in-law asked me this evening to cite the best example of crony capitalism that I could conceive of. I offered GE corporation but he said he had a better example.

Crony capitalism, is a business, usually a huge corporation, that is feeding at the public trough. This corrupt, expensive, wasteful, incestuous relationship between big government and big business must be eliminated.

The Obama Administration is picking winners and losers, in terms of favored and disfavored private companies. The government has no business interfering in companies seeking to grow by providing goods and services for its customers.

This unconstitutional overreaching by a Progressive President and his ilk is ruinous.

Small government, balanced budgets, modest government regulation of all companies without favoritism or preferential treatment towards any private firm--this is how to reduce or wipe out crony capitalism, a practice unhealthy for all Americans.

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