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Crony Capitalism

Ackman’s Quest To Ruin Herbalife Is Cronyism At Its Worst

September 27, 2017
Economics

For five years, billionaire hedge fund manager Bill Ackman has attempted to bring Herbalife, a global nutrition and weight management company, to the brink of financial ruin—all for his personal financial gain. Fortune reported that, back in 2012, Ackman’s Pershing Square Capital Management took a $1 billion short position in Herbalife’s stock, expressing his belief

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Chamber of Commerce Calls Thomas Massie “Piece Of Sh-t” For Voting Against Harvey Aid

September 7, 2017
News

It is an open secret that the Chamber of Commerce, a ‘pro-growth’ organization commonly associated with the right wing of American politics, has a seething contempt for principled conservatives and libertarians, but it is rare for them to come right out and say it. Yesterday, the veil was finally removed as the Northern Kentucky Chamber

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Kushner’s Cronyism: Trump’s Son-in-Law Uses Corporate Connections to Secure Weapons for Saudis

May 19, 2017
News

The Trump administration is working diligently to make Saudi Arabia great again, having secured a weapons cache totaling over $100 billion for the Islamist kingdom. It was reported that Jared Kushner, Trump’s son-in-law and his influential advisor, called up the CEO of Lockheed Martin to secure the deal himself. The New York Times issued a

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trump

Awkward: Trump’s Wall Is A Progressive Policy

January 26, 2017
Economics

‘This Congress is going to be the busiest Congress in decades — maybe ever.’’ With these words, President Donald Trump urged fellow Republicans in Congress to help him halt illegal immigration by supporting his plan to build a United States-Mexico border wall. But a wall that isn’t erected by the private land owners bordering Mexican

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Trump’s Deal Cutting Just Won’t Cut It

December 6, 2016
Economics/Politics

Last week, President-elect Donald J. Trump and his administration reached a deal with United Technologies, holding company of the air conditioner and appliance manufacturer Carrier, to keep around 1,000 jobs in the United States. Trump has promised on the campaign trail that he would keep those jobs on US soil since Carrier first announced that

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James J. Hill and The Liquidation of Malinvestment

June 2, 2016
Economics

James J. Hill is unquestionably one of the greatest entrepreneurs in American history.  This past weekend marked the 100th anniversary of his passing.  He is best remembered for the successful construction of the only transcontinental railroad to not go bankrupt.  He didn’t accept government subsidies, and argued eloquently against his competitors who did: “The government

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