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Crony capitalism, ice cream and booze

Wednesday, March 22, 2017 21:17
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(From Net Right Daily)

To those observing our culture of favoritism in politics, it may seem like we never left high school. That’s because the growth of big government and the power of the administrative state have created an environment where business success depends more on political connections than on ingenuity or innovation. Crony capitalism has created a whole new class of “cool kids.”

While many think that crony capitalism is restricted to the so-called “power corridor” between Washington, D.C. and New York, it sadly has leaked well beyond the Big Apple and the yet undrained Capitol swamp.

A recent dispute in South Carolina over alcohol-infused ice cream illustrates the pervasive influence of crony capitalism and the dangers of running a business without political protection.

Click here for the article.


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