crony capitalism

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The Battle Against Economic Stupidity

Turn on the tube and economic ignorance seems to be everywhere. There is constant shilling for more government. Business is demonized. Man is said to be trashing the environment. “Workers and women are oppressed” is the constant mantra. And members of the clueless media nod their heads in unison. Only John Stossel has provided the …

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Free Market Capitalism v. Crony Capitalism

In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral profit making. What is often difficult to get people to understand is that this misplaced conception of “capitalism” has nothing to do with real free markets …

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Papal Infallibility

Uh-oh! The new pope, Francis from the Pampas, has just warned us to beware the “tyranny” of capitalism. Each man worships his own gods. Some worship at the altar of Jesus of Nazareth. Some at the altar of the Almighty Dollar. The capitalists don’t bad-mouth Francis’ god. You’d think he would cut them the same …

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