Monday, October 08, 2012

Crony capitalism hits Uber small business...

The scale of cronyism at the federal level dwarfs that of the states. Sometimes Uncle Sam plays favorites with individual businesses, such as the $433 million no-bid contract given to a politically connected company last year for an unnecessary smallpox vaccine. Often it benefits entire industries, such as the protection of the sugar industry through quotas and tariffs — policies that increase the price of sugar for all Americans. Always, it’s the ordinary taxpayer who ends up picking up the tab.

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