Quote for the Day! Arthur Brooks at his best

Posted on November 1, 2013 by


From a CNBC video a couple of years ago,

Crony capitalism….is the codependent wife of statism.

Brooks is spot on; the source of cronyism is a large state that has the power to favor one group over another.  And this favor only comes by harming others.  This seems to me to be the definition of injustice–harming one to favor another.  Of course it is always for good reasons–“we aren’t really trying just to give them a bailout, it helps you for us to hurt you.”  “Too big to fail” bails out Wall Street to help you.  You just don’t understand.  But maybe we do understand, and maybe it is injustice.

Click thru for a short (4 min) discussion