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Tag Archives: externalities
Regulations Create Crony Capitalism
Dear Friends, It seems to me, far from facilitating commerce, regulations are a huge drag on the economy. Not only do regulations produce friction and crush competition, they create incentives to rent seeking. The elite, who benefit from those regulations, … Continue reading
Posted in business, economy, Group Politics, International Power, Judicial Sysytem, Law, media, Mercy, philosophy, polictics of class envy, Societal Myth
Tagged bureuacracy, bureuacrats, capitalism, crony capitalism, disfavored, externalities, facilitate, government, impose, politically favored, public, regulate, regulations, rent seeking, servants, unaccountable
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