Video: “The Kronies,” the epic return
posted at 4:01 pm on June 17, 2014 by Erika Johnsen
Too much of what goes on in our supposedly capitalist system — or, as I vastly prefer to call it, our free-enterprise system — is actually crony capitalism in which well-connected Big Businesses relentlessly seek rents in order to crush the competition through means other than providing a superior good or service, to the detriment of the wider economy. And heck, why shouldn’t they? Big Government enables the rent-seeking by making all of these extracurricular avenues available, and if one business declines to take advantage of them, another one will. There are too many perverse incentives at work to count, and with that in mind, The Kronies are back with their next video to reveal the real state of American “capitalism,” this time by drawing attention to that inglorious bastion of corporate welfare that is the Export-Import Bank.