Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 11th Commandment

How is this Crony Capitalism???

Crony capitalism is when you use your position (current or past) in government to benefit your friends/cronies.

Accepting government subsidies/incentives given to all businesses (something the government should not do) is something all good businesses do.


6 posted on 01/13/2012 11:46:33 AM PST by NeilGus
[ Post Reply | Private Reply | To 4 | View Replies ]


To: NeilGus
Don't be naive, the grants and subsidies come at big costs. Most protect unionism, hurt the consumer with higher prices, are anti-competitive and stick it to the tax payer.

The article even states Bain lobbied for help. Bet if you check the donations on Bain executives, you will find the quid pro quo.

7 posted on 01/13/2012 11:51:52 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
[ Post Reply | Private Reply | To 6 | View Replies ]

To: NeilGus
Accepting government subsidies/incentives given to all businesses (something the government should not do) is something all good businesses do.

LOL. So I guess that makes Solyndra a "good business."

Wow, with defenders of capitalism like you, who needs the socialists.
9 posted on 01/13/2012 11:52:15 AM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson