Tom McClintock

This Congressman from California wrote a most articulate and profound criticism of crony capitalism. It cannot be written any better. Here is his quote from Facebook:

Tom McClintock

4 hrs ·

Whether it is bailouts or subsidies, the pernicious development of picking winners and losers in the marketplace has to be eradicated. When government plays this game, risks are masked, inefficiencies go undetected and uncorrected, capital flows from productive to non-productive use and perhaps the most dangerous for a free society, the productive sector becomes less dependent on its customers and more beholden to government.

We need to keep the government mostly out of the markets and without a grip on free enterprise. Let them rise or fall on their own.