I often criticize Big Government. Others are critical of Big Corporations. Today, I wish to unpack those criticisms and to elaborate on Cronyism as the root of both threats.
I like to contrast "Government Regulation" (AKA Cronyism) with Consumer Regulation (AKA Free Markets). Part of the problem is that Consumer Regulation depends on the caveat "Buyer beware" whereas today consumers assume the government is protecting them with their regulations.
I like to contrast "Government Regulation" (AKA Cronyism) with Consumer Regulation (AKA Free Markets). Part of the problem is that Consumer Regulation depends on the caveat "Buyer beware" whereas today consumers assume the government is protecting them with their regulations.