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What's A Crony?
crony chronicles ^

Posted on 09/07/2012 9:00:01 PM PDT by fella

What's A Crony?

In an economically free society, the role of business is to create value for society by producing products and services that their customers consider beneficial. If they do this while using resources wisely, they make a profit, and societal wellbeing is enhanced.

Cronyism diverts resources away from the wants and needs of consumers and toward political purposes. Cronyism occurs when an individual or organization colludes with government officials to create unfair legislation and/or regulations which give them forced benefits they could not have otherwise obtained voluntarily. Those benefits come at the expense of consumers, taxpayers, and everyone working hard to compete in the marketplace


TOPICS: Business/Economy
KEYWORDS:
Found this on one of those game-trails you run across when out walking through the YouTube woods. There's more at the site.
1 posted on 09/07/2012 9:00:03 PM PDT by fella
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To: fella
one of those game-trails you run across when out walking through the YouTube woods

Didn't we used to call that serendipity? Back when people got educated at school?

/johnny

2 posted on 09/07/2012 9:02:49 PM PDT by JRandomFreeper (Gone Galt)
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To: fella

bump


3 posted on 09/07/2012 9:11:36 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: JRandomFreeper
Yeah but ever since my Scouting days I've enjoyed scooting through the woods and following game-trails. You might like the U-Tube that lead me to the site.
4 posted on 09/07/2012 9:25:02 PM PDT by fella ("As it was before Noah, so shall it be again")
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To: fella

Socialism Is Legal Plunder - “The Law” - Frederic Bastiat 1801-1850


5 posted on 09/08/2012 6:44:57 AM PDT by PGalt
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