Comments: Did I mention "Go to Hell!"?

"Outrage over this kind of cronyism is what animates the Tea Party and Occupy Wall Street, whose members aren't powerful enough to get special dispensations from the government—or even a fair hearing from their putative representatives."


Also noteworty, 4th and 5th from the last paragraph.

Posted by johngalt at June 12, 2012 2:44 PM

Yup. The whole thing is a fine excuse to subscribe, but for those on the wrong side of Rupert's paywall, my blog brother refers to:

The lesson for Republicans if they do end up running the country next year is that their job is to restore the free and fair market that creates broad-based economic growth. The temptation will be to return for the sake of power to the methods of Tom DeLay and Jack Abramoff. If they do, voters will return the GOP to private life as surely as they did the Democrats in 2010.

The warning to business is also fundamental. Crony capitalism undermines public trust in capitalism itself and risks blowback that erodes the free market that private companies need to prosper and that underlies the productivity and competitiveness of the U.S. economy. The political benefits of cronyism are inherently temporary, but the damage it does is far more lasting.

Posted by jk at June 12, 2012 4:19 PM

I find it noteworthy that I was able to read the entire article on the WSJ site, and I'm currently not a subscriber.

Posted by johngalt at June 13, 2012 1:13 PM
Post a comment

Remember personal info?