Who Wins and Who Loses Under These 8 Big Government Policies
17th May 2017
It’s clear that many big government policies are creating winners and losers in America.
The story has been the same for decades. Government makes friends with a company or an industry, blocks out the competition with regulation, and in some cases gives the company subsidies.
Such cronyism is bad for innovators and for consumers. But fewer people realize that it’s also bad for the poor.
Who wins: Special interests (i.e. not you)
Who loses: You and me.
May 17th, 2017 at 18:13
*shrug* The Invisible Hand strikes again.
“Crony capitalism” is a misnomer; there is no other kind. Never has been.
It’s like a marathon: for every winner, there are hundreds of losers. Odds are you’re one.