Maybe it’s time to choose leaders who won’t keep “picking winners” by subsidizing private businesses and using government to compete with the market? Even the Chinese can make a city look good by pouring enough money into it. Just look at the Olympics. That doesn’t mean the economy will do better because of it.
Government subsidies equal corporate welfare. It doesn’t matter if you’re in Washington, D.C. or West Valley City, it’s the same thing. Whether it’s Solyndra or UTOPIA, the more a company shells out to get onto the public assistance, the less likely it would perform well in the market. Spending more money on campaign donations and lobbying might be correllated. [cont…]
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