Friday, October 03, 2014

Crony Capitalism

You want a textbook example of crony capitalism?  I've got your example right here:
“The approval of SB 270 by the California legislature and Governor Jerry Brown could serve as a case study for what happens when greedy special interests and bad government collide in the policymaking process,” Lee Califf, the group’s executive director said Tuesday. The “bill was never legislation about the environment. It was a back room deal between the grocers and union bosses to scam California consumers out of billions of dollars without providing any public benefit – all under the guise of environmentalism.”
Crony capitalism explains why Californians soon will have to pay for grocery bags at the store.

No comments: