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

To: upsdriver

I do not agree but I respect your right to differ. Companies are not people and capitalism is not nursery school. We do not allow monopolies because then there is no competition and consumers have no protection against gouging. However companies succeed because they find niches and exploit them. Towns and States succeed by recognizing that they need to woo all businesses but will often make a special deal to attract a particularly beneficial one.

To me the problem lies in definition. The definition below is a common one but flawed. The key is favoritism. Companies can & should get deals if the circumstances warrant but the circumstances should relate to fidutiary responsibility to the Country, the State, the town etc. No because of some benefit to the grantor.

...Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.


124 posted on 12/02/2016 9:17:25 PM PST by JayGalt
[ Post Reply | Private Reply | To 122 | View Replies ]


To: JayGalt

Consider another air conditioner manufacturer located in Indiana operating under the same taxes and regulations as Carrier. Now, Carrier receives preferential treatment from the government which gives them a competitive advantage over the other company. The other company loses business, perhaps goes out of business all because the government picked winners and losers. Nothing right about this at all. What should be done is extend the same “breaks” to both companies and all others for that matter.


135 posted on 12/02/2016 9:30:45 PM PST by upsdriver (I support Sarah Palin.)
[ Post Reply | Private Reply | To 124 | 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