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To: Kaslin
Can you imagine City Hall trying to fix the number of shoe stores or web designers or CPAs allowed to operate in town?

Yes, easily. If the operators of such business at point X bought enough politicians, it would suddenly become a major public safety issue to limit the number of shoe stores. And the supply of accountants is limited by the cost of CPA licensing, rather than by market forces.

11 posted on 11/08/2011 4:20:31 AM PST by Tax-chick (I'm sure your dog likes you.)
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To: Tax-chick
The point behind crony capitalism is to distort market forces for political ends. It goes beyond legitimate goals into corrupting every one for reasons no one can quite fathom.

In Latin countries, you have la mordida but at least its done in the open. Payoffs just make things regular. Here the corruption is concealed by the hand of government interfering in the market to ensure winners and losers. Its far from being a free market.

13 posted on 11/08/2011 4:28:05 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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