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In the News: All the Ways Businesses Get Special Treats from the Government
Is it possible that some of the greatest enemies to capitalism could be businesses themselves?—Businesses engaging in cronyism that is. Veronique de Rugy in her recent post for the National Review’s blog The Corner, lays out the case that crony companies dislike true free-market competition because it forces cronies to actually compete in order to attract customers.
To avoid the gritty work of fighting it out in a free market, organized private interests lobby the government for special regulations, preferential tax treatment, and laws that keep out competition. They lobby lawmakers to constrain the same free markets in which they originally achieved success. This practice has been around for as long as there have been businesses and governments.
Read the entire article here.