“If you think of the economy as this vast thing where success or failure is a matter of serving customers well, then you are deceiving yourself. (I’ve written about this before, about how America’s largest companies are basically products of state privilege.) This perspective is good too because the reality of the thing shatters many illusions. Think Obamacare is a socialist redistribution scheme? Take another look. What it really amounts to is the largest corporate giveaway and pork-filled legislation in the history of the country.”
http://dailyreckoning.com/the-goodfellas-of-wall-street/
Related posts:
Doug French: The Market Is Rigged
A Story of Slavery in Modern America
David Galland: Scenarios
Removing Impediments to Bitcoin's Success
Government Ban On Bitcoin Would Fail Miserably
The Age of Authoritarianism: Government of the Politicians, by the Military, for the Corporations
Race to the Bottom: Injuring the Real Economy with Paper "Wealth"
IMF Historian Whitewashes The Soviet Spy Career Of The Fund's Founder
Egypt, Syria - it's just the end of them
Aggressive Police Tactics Threaten Innocent Citizens
Glenn Greenwald at Yale Law School: "With Liberty and Justice for Some"
Have We Reached Peak Government?
Doug Casey on Internationalizing Your Cash
What is an American? Forget the state and just be a child of the nation
Petting & Walking With Cheetahs in Africa at Mukuni Big 5 Safaris