POLITICAL: Crony Capitalism meets Regulatory Capture

Thursday, September 25, 2014

http://www.cato.org/blog/california-gives-inspectors-new-power-menaces-more-unlicensed-contractors-jail

SEPTEMBER 19, 2014 11:36AM
State Inspectors Get Run Of California Worksites—At Business Groups’ Behest
By WALTER OLSON

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How could the California legislature have unanimously (as it did) passed a measure curtailing property rights by giving more state inspectors access to places of labor against owners’ will? Simple: it was framed as a pro-business measure. Among its backers were the sponsoring Contractors State License Board and such groups as the Air Conditioning and Refrigeration Contractors Association, the electrical contractors, the landscape contractors, the plumbing and heating contractors, and so forth. 

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Crony Capitalism meets Regulatory Capture!

It’s all about reducing competition.

That’s the first rule of Crony Capitalism: payoff the politicians and bureaucrats and keep competition out of the marketplace. 

Argh!

Maybe it’s just me.

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ECONOMICS: Tom Woods give a clear definition and distinction

Tuesday, July 29, 2014

http://www.lewrockwell.com/2014/07/no_author/why-were-winning/

The Role of Austrian Economics in the Liberty Movement
July 22, 2014

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Tom Woods kicks-off this year’s Mises University with a brilliant discussion of the ‘Role of Austrian Economics in the Liberty Movement’.

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An interesting hour.

I was fascinated by his clear definition and distinction between “Austrian Economics” (i.e., von Mises et al.) and the “Liberty Movement” spawned by Ron Paul.

Are “we” a minority? Absolutely.

So were the Dead Old White Guys!

The interesting part is about “we are winning” because “our” ideas align more closely with reality that do the Keynesian Economics and the big Gooferment welfare / warfare state with it’s Crony Capitalism, corrupt politicians, and lifetime lazy bureaucrats.

On to New Hampshire, as part of the Free State Project (http://freestateproject.org) to make it the FIRST truly “Free State”.

Argh!

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RANT: Why subsidize ANYTHING?

Thursday, December 19, 2013

http://washingtonexaminer.com/bill-de-blasios-first-decision-corporate-welfare-for-the-yankees-and-an-arab-sheik/article/2540574

Bill de Blasio’s first decision: Corporate welfare for the Yankees and an Arab sheik?
BY TIMOTHY P. CARNEY | DECEMBER 11, 2013 AT 3:50 PM
TOPICS: BELTWAY CONFIDENTIAL NEW YORK CITY BILL DE BLASIO SUBSIDIES

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Progressives like NYC Mayor-elect Bill de Blasio want Big Government to work for the deserving. So, the question is: How deserving are the New York Yankees and Sheik Mansour Bin Zayed Al Nahyan?

The New York Daily News reports:

Under the complex proposal, the new soccer team — a joint venture of the Yankees and Manchester City Football Club, a British team owned by Sheik Mansour Bin Zayed Al Nahyan — would pay virtually no rent for 38 years for the largely city-owned land on which the proposed 28,000-seat soccer venue would sit.

The new franchise would also be permitted to divert the property taxes it would normally owe the city to pay off its bonds, the sources said — a deal similar to the one the Yankees and the Mets got for their new stadiums in 2005. The soccer club would be exempt from sales taxes or mortgage taxes.

Sports owners may be the most subsidized class in America. Every year, we hear of a few new stadiums getting taxpayer subsidies.

Today, the Atlanta Tea Party filed a lawsuit to block subsidies for a new Atlanta Braves baseball stadium in Georgia’s Cobb County. Washington, D.C., is going to spend nine figures on a soccer stadium and charge the team $1 in rent. There are hundreds of examples of this.

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There is no justification for this type of favoritism.

It should be de facto not even eligible to be considered by any politician or bureaucrat.

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POLITICAL: GM $14 billion in taxpayer dollars

Tuesday, December 17, 2013

http://www.lewrockwell.com/2013/12/eric-peters/14-billion-up-in-smoke/

The Bailout
By Eric Peters
Eric Peters Autos
December 13, 2013

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In Washington, they always try to announce unpleasantness during the off-hours (weekends, holidays and such) so that – hopefully – the stink will be less noticed.

In Detroit, too.

The recent announcement of the accession of Mary Barra as the new CEO of General Motors just happened to be exactly coincident with the announcement that the federal government has divested itself of its remaining partial ownership of GM.

This is good news.

The bad news – according to the Center for Automotive Research – is that $14 billion in taxpayer dollars went up in smoke as a result of the government’s “investment” in GM.

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Sorry, but that is just the bailout cost.

What about all the lawyers, productivity, and personal losses?

Frau Reinke lost 5k$+. Where does that get tallied?

And, the loss of market discipline.

Bailouts are addictive. And, immoral, ineffective, and inefficient!

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POLITICAL: Hemp, why not?

Friday, August 23, 2013

http://www.care2.com/greenliving/5-surprising-health-benefits-of-hemp-2.html

5 Surprising Health Benefits of Hemp
Brandi, selected from Diets in Review
August 17, 2013

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Hemp has always had trouble stepping out of the shadow of its dirty cousin marijuana. While it is closely related to whacky tobaccy, hemp has microscopic amounts of THC — the chemical in marijuana that gets you high — and eating hemp foods won’t jeopardize your next drug test. The health benefits of hemp are so vast that people are beginning to abandon the antiquated stereotypes of the versatile plant.

Sharon Palmer, author of The Plant Powered Diet, wasn’t wasting her breath when she said, “I think hemp is the next ‘it’ food — it has been for a while.” The hemp seed is bursting with Omega-6 and Omega-3, essential fatty acids that have heart health and anti inflammatory benefits. Hemp seeds are nutty in flavor and breathe life into salads, desserts, yogurts, cereals, and breads. Hemp seeds can be turned into butter, milk, protein powder, finishing oil, and soap.

Unfortunately, Uncle Sam outlawed hemp farming in 1958, a shame when you consider how amazing a crop it is. The plant thrives without pesticides, purifies the soil around it, and kills weeds. The U.S. is the only country that bans industrial hemp farming, quelling what could be an agricultural and financial boon for our indebted country.

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How about we get the Gooferment out of farming?

Why do we have a “Department of Agriculture” any way?

Oh yeah, that’s right we need to reward “crony farmers” who make contributions to politicians.

Why can’t we feed the world with our exports?

Argh!

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RANT: Detroit will hurt EVERYONE

Tuesday, July 23, 2013

http://www.againstcronycapitalism.org/2013/07/guest-post-detroits-bankruptcy-will-bite-you-in-the-wallet/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+againstcronycapitalism+%28AgainstCronyCapitalism.org%29

Guest Post: Detroit’s Bankruptcy WILL Bite You In the Wallet
By Editor on July 20, 2013

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All this isn’t even taking into account the rampant corruption, bribes, and ulterior motives that every municipal government is crawling with – those are self-explanatory. Fast-forward a few decades and the politicians who planted the seeds of decay are long gone in one way or another – but now the municipality cannot afford its obligations. Losses on poorly planned projects, debt, and exorbitant employee compensation eat up most of its revenue, and it can no longer afford to provide the essential public services every resident counts on.

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See that is the essence of the problem.

Folks want “free lunch”, but there ain’t none.

Detroit is what happens when the bill comes due.

And they Sheeple and Clover there have voted Democratic for 50 years. (Not that the R’s would be MUCH better.)

Like the Delta pilots, everyone’s getting a haircut.

Unfortunately, a promise is worth what backs it up.

On Wall Street, they have a name for it — “Counterparty risk”.

Sorry to say, but you depend on Gooferment, politicians, and bureaucrats at your own peril.

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RANT: Moat, like around a castle?

Sunday, March 24, 2013

http://www.alternet.org/books/outrageous-david-cay-johnston-explains-how-big-corporations-withhold-your-taxes-and-then?page=0%2C1&akid=10233.1122391.f44_vU&rd=1&src=newsletter813672&t=9

JH: David, you detailed very, very well how we are constantly being ripped off. It’s a death of 1,000 cuts. Why is that? The story that we’ve gotten, for years and years and years, is that we have less regulation in order to spur competition. Ultimately, that competition was supposed to benefit consumers. What’s going wrong?

DCJ: I want more competition. Here’s what really goes on, however. We put up barriers to competition, and in fact, Wall Street has institutionalized this concept. Morningstar, they’re a big financial advice firm. They tell people that they should grade companies and decide whether to buy their stock, based on something called a “moat index.” Moat, like around a castle? A moat index asks, “What barriers has the government erected to keep anybody else from competing against that company?” Indeed, as I show in my book, you could get rich if you invest in those companies that have regulatory moats — where under the name of deregulation, we have insulated them from the rigors of the market. 

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Unfortunately, what we have today is faux capitalism!

The “regulators” are in bed with that which they are supposed to “regulate”.

FDA and Big Pharma is the classic example.

The SEC, FTC, OCC, and all the other bureaucrats are a revolving door with Wall Street.

And, the politicians are like the whorehouse Madam!

Argh!

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“It is a mistake to look too far ahead. Only one link of the chain of destiny can be handled at a time.”- Winston Churchill


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