Thursday, June 14, 2012

Giving capitalism a bad name...........

Mark Perry riffs on the abuse of "regulatory schemes" for fun and profit.  The spirit of Milo Minderbinder is alive and well.  Excerpt here:
The NYC taxi medallion system cartel is a good example of "government failure" and crony capitalism that harms consumers and impoverishes the citizens of New York City, while enriching a small group of wealthy, politically-connected rent-seekers.  Where's the outrage from the OWS crowd, this seems like it would be a good issue for them? 

Full post is here

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