"John Broder of The New York Times has an interesting piece on Al Gore’s financial profit tied to his global warming alarmism and push for renewable energy. Gore’s venture capital firm invested in Silver Spring Networks, a company that makes hardware and software to improve efficiency in the...
When powerful interests are permitted to use the coercive power of the state for private ends, there is no end to the economic destruction that can be wrought.
From shady zoning regulations in a small town, to billion dollar bailouts for international banks, to billions of newly printed dollars flowing from government to Wall St at virtually free rates, crony capitalism takes many forms. We seek to identify it, and record its impact day to day.
In recent years, we have seen vast increases in cronyism. Though cronyism has always existed, and likely always will, the brazenness by which some in advantageous positions have used the state to further their ends in the last few years is unprecedented in the United States. It is even worse than the in the 'Robber Baron' era after the Civil War.
In a country that prides itself on honesty, innovation, and embracing the entrepreneurial spirit, such a state of affairs can not be permitted to persist. If it does persist, we won’t have much of an economy left.
If the distinction between private enterprise and government is lost, if it’s all a blur, the average person will become poorer and poorer. The quality of life for the average American may never come back.
We believe that the increasing partnership between government, business, and other special interests such as unions and trial lawyers in recent years is anathema not only to a sound economy, but to a civically vibrant and free society.
We are for freedom, transparency, opportunity, and honest markets.
We are against crony capitalism."
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