

The house always wins
The president is not a socialist. However, he is a statist. The current
term for this is crony capitalism. He does not want the state to own the
means of production and the assets in the economy, but he wants the
state to control the economy indirectly, through regulation for the
benefit of the “friends” of the state. The private sector still owns
businesses and assumes business risks, but the government tells
individuals and businesses whom to hire, what to pay, what to make, how
to invest, and how much to pay the government in tribute for its
“protection.” Much like in a casino, the house always wins. The
government plays with house money, and there’s just no competing with
that. This, in turn, has an unsubtle impact on the way the government is
run and the policies that are implemented, as the cronies’ special
treatment is reinforced with their success.








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