Archive for crony capitalism

Stuff Going On — 05/26/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , , , , , , on May 26, 2017 by cavalier973

Twenty-four Christians killed by terrorists in Egypt. The martyrs are now standing in God’s presence, experiencing the most complete joy and sense of security a human can know. Those who murdered them, if they do not repent of their unbelief and call on the name of Jesus, will experience an eternity of torment, as they writhe in shame and separation from God.

♣ Two days ago, Gianforte and Quist were running for Montana’s sole U.S. Congressional seat. A reporter named Ben Jacobs burst into Ginaforte’s office, and began to ask Gianforte if he would support or oppose  the proposed American Health Care Act (“TrumpCare”), which supposedly repeals and replaces the Affordable Care Act (“ObamaCare”). Gianforte physically assaulted Jacobs, reportedly catching the reporter around the throat and throwing him onto the ground (“body slammed”).

Last night, Gianforte still won the election. Most of his victory can probably be attributed to early voting–most people had already voted before the assault incident. But, the incident did not seem to dampen Gianforte’s votes.

When news reporters and the press spend a lot of time ridiculing and demonizing the “rubes” who live in “flyover country”, they should not be surprised that those same “rubes” hate them enough to cheer when the reporters get assaulted.

Also, there is a sense that the political faction as represented by the Ben Jacobs of the world are successfully using law and regulation to restrict, punish, and enslave “regular Americans”; that is, people who adhere to traditional values: Family, Faith, Hard Work, Doing the Right Thing… When someone loses their livelihood, for example, because he doesn’t celebrate the fantasy that is “same-sex marriage”, then that is an assault as real as what Gianforte did to Jacobs–even worse! Because Jacobs is now a celebrity in his own sphere, all because he decided to become an annoying trespasser to a guy with anger management issues. But, you won’t see anyone handwringing over the fellow who lost his job. If anything, the press celebrates his getting his “comeuppance” for standing in the way of The Future™. I looked up Quist’s Wikipedia article, and he is very much the sort of dedicated Social Justice Warrior who would oppress regular Americans with increased government power. I’m not saying that Gianforte won’t, as well, but Gianforte would proceed at a slower pace toward tyranny, at least.

It should also be said that reporters who are handwringing over Gianforte’s assault of Ben Jacobs, but who cheered when Richard Spencer was sucker-punched, are hypocrites.

I would normally, at this point, offer the sort of conditional statements about how what Gianforte did was wrong, that assault is never okay, etc. But it seems everyone in the universe has already done that.

Oh, by the way, Gianforte apologized.


♥ This is lovely. The FBI criminally shared information collected from their surveillance of Americans.

♦ Last night, I got into a discussion on Twitter with a fellow who objected to my use of the phrase “Crony Capitalism”. He claimed there was no such thing. I described a situation (A mayor has the town council vote for a new road that runs past his brother-in-law’s store) that exemplifies “Crony Capitalism”, but he claimed that was just normal corruption. He said there were three states of economic being: Socialism, Capitalism, and Corporatism. I assume that he equates Corporatism and Fascism, because he accused me of both being a Fascist or (when I asserted my preference for Free Markets) defending Fascism. The argument would not have happened except that he was being pedantic.

In any case, I was curious if the term “Crony Capitalism” was used by other Free Marketeers. I found this list of articles on the Foundation for Economic Education’s site, and will link here to one of those articles.

During the course of the discussion, he accused me of failing to differentiate between “Macroeconomics” and “Microeconomics”. Well…heh, heh, there ain’t a such a thing as “Macroeconomics”. All economic decisions are made at the “micro” level.

IN ADDITION: Here is a paper by Paul Romer entitled “The Trouble with Macroeconomics”.


A couple of things…

Posted in For Free Trade with tags , , , , , , , , , , , , , on May 17, 2017 by cavalier973

•  Robert Wenzel discusses what a President Pence might look like, in terms of his economic policies, were Trump to lose his job. In short, Pence is conventionally “pro-market”, which means a mixture of actual Free Market advocacy with a leavening of crony-capitalism.

In this opinion piece, Gregg Jarrett argues that, had Comey written a memo describing Pres. Trump trying to obstruct justice, then Comey himself is guilty of breaking the law. He’s supposed to report that stuff. Jonathan Turley makes some similar observations.

Stuff Going On — 05/08/2017

Posted in For Free Trade, For God with tags , , , , , , , , , , , , , , on May 8, 2017 by cavalier973

Macron is mightier than Le Pen. It is interesting to me that this story isn’t bigger than it is. As of 9:26 a.m., CST, on the day after the election the articles on CNN are all pre-election ones. The headline on Drudge is a link to a blog (the gateway pundit). MSNBC has a story, but it’s down the list, and is actually a story from yesterday written (or recorded–it’s a video) before the official results. Fox News also has a story (it’s the one I linked), but it’s also “down the list”. I get it that normal people don’t really care about the French elections, but I find it strange that there is no “victory lap” in the press. The Alt-right nationalist was defeated, after all (for now, anyway).

In Chicago, a man was shot and killed Sunday morning. An impromptu memorial service was being held later that day, and two gunmen used the opportunity to shoot 10 more people, killing two of them.

♥ Meanwhile, in Memphis, a person tries to rob a liquor store, and is himself liquidated.

♦ Nationalist economics are not Free Market economics. If someone says they hate or oppose Free Trade, then they also hate and oppose the Free Market. President Trump campaigned on a promise to use government power to interfere with the international free flow of goods. It shouldn’t come as a surprise that he wants the government to interfere in the domestic markets, as well.