Showing posts with label crony capitalism. Show all posts
Showing posts with label crony capitalism. Show all posts

Wednesday, November 10, 2010

Welfare isn't just for the poor!

For nearly 100 years the richest have finagled backroom deals so common in the halls of Congress these days. The Welfare lines are very long for the long list of corporations and business interests that have asked the government for help in keeping their business afloat.

The most popular to point out these days is the financial industry with the TARP bailout... but in all honesty TARP really pale in comparison to the crony capitalism that seems to be hiding in every dark corner of every big business plan. If competition and a free market was the engine that made America the most powerful and wealthiest nation on Earth, crony capitalism and corporate welfare is what is going to bring it to it's knees.



The downward spiral (graph)