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.


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Bishop-Man!!

Ricard on June 17, 2014 at 4:20 PM

Can anyone else see any ‘headline’ articles?

faraway on June 17, 2014 at 4:20 PM

Can anyone else see any ‘headline’ articles?

faraway on June 17, 2014 at 4:20 PM

Nope, it just went blank on me.

Flange on June 17, 2014 at 4:27 PM

faraway on June 17, 2014 at 4:20 PM

No problems for me.

Barred on June 17, 2014 at 4:27 PM

Flange on June 17, 2014 at 4:27 PM

I get some stories but no comments .

Lucano on June 17, 2014 at 4:28 PM

No problems for me.

Barred on June 17, 2014 at 4:27 PM

How about the comment section?

Flange on June 17, 2014 at 4:29 PM

I get some stories but no comments .

Lucano on June 17, 2014 at 4:28 PM

Yeah, I can get the original articles, but not the Hot Air excerpt and comments.

Flange on June 17, 2014 at 4:30 PM

Is Lois Lerner a guest blogger now? She lost a few threads.

faraway on June 17, 2014 at 4:30 PM

Can anyone else see any ‘headline’ articles?

faraway on June 17, 2014 at 4:20 PM

The IRS took over serving them. The computer crashed. All the computers. It was a pile-up on the information super-highway. All comments are lost …

ThePrimordialOrderedPair on June 17, 2014 at 4:38 PM

Major malfunction going on in the headlines comments/story section. Anyone in there paying attention?

Just tell me you didn’t hire the IRS or the authors of the obamacare sites to do your programming please….

Diluculo on June 17, 2014 at 4:41 PM

Just tell me you didn’t hire the IRS or the authors of the obamacare sites to do your programming please….

Diluculo on June 17, 2014 at 4:41 PM

Wouldn’t surprise me – Townhall often has a similar problem – the link to the cartoons almost never lets me see the most recent cartoons posted.

I can’t get to any of the headline HA threads – “page not available”

dentarthurdent on June 17, 2014 at 4:46 PM

Hey HotAir – Headline threads all showing “HTTP 500 – Internal Server Error”.
Time to fire your IRS and 0care programmers…..

dentarthurdent on June 17, 2014 at 4:52 PM

Sorry, Erika, I don’t get adult cartoons.

Hey, somebody had to talk about the article.

Fallon on June 17, 2014 at 5:02 PM

Capitalism in cahoots with the gov’t = fascism.

Schadenfreude on June 17, 2014 at 5:12 PM

That Big Business is given the chance to engage in cronyism in no way justifies or excuses it. To ask ‘why shouldn’t’ big business engage in cronyism (ostensibly under the banner of protecting their interests) because one institution, government, aids and abets it is like asking why shouldn’t race-baiters, reditributionists and liars do those things, since it is allowed and abetted by another institution, the media and since it serves their interests. The very reason we revile those practices is the reason we should revile crony capitalism AND NOT give those who engage in it any rhetorical or moral quarter.

avgjo on June 17, 2014 at 5:24 PM

The US economic system has become the worst of both worlds.

All the abuses of mega-corporations (such as the entertainment industry, including big-time sports, and broadcast and cable TV) with greedy capitalists, and government regulations and regulators working in synchronyicity to help make sure those abuses remain ‘safe and legal’ for the firms and privileged rich who benefit from them.

The entrenched bureaucrats and politicians (with multiple corporate executive and director positions waiting, to cover the all-too-rare case in which the voters toss the corrupt politicians out), work tirelessly to ensure that any potential competitors are stifled who might innovate better goods and services to customers, which would be to the detriment of the business behemoths and their union labor bosses.

In a real capitalist (or free enterprise) system, with a free and responsible press corps (another failure of modern times in the US), the negative PR consequences of abuses by a mega-corporation puts the kibosh on most bad behaviors, and allows those who want to do things better a chance to get in the game. It also allows those on the bottom of the economic scale, a chance to start something small that can support themselves, their family, and improve their community, with the potential to turn into something big. But that’s not what we have now.

The US system makes it very difficult for the people at the bottom to move up. But this is not the fault of responsible business people or of a capitalist system. It is the fault of over-large government and the crony-capitalist abuses and corruption that accompanies over-large government and greedy lazy bureaucrats and politicians leeching off the hard-working citizens.

s1im on June 17, 2014 at 6:18 PM