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July 07, 2014

"Crapitalism!”

Coinage by John Stossel. I like the term a lot. Spread the word.

Capitalism is great because it lets entrepreneurs raise money so they can scale up and get their products and services to more people. If there is free competition, innovators with the best ideas raise the most money, and the best and cheapest products spread far and wide.

But it’s crapitalism when politicians give your tax money and other special privileges to businesses that are “most deserving of help.” Often those businesses turn out to be run by politicians’ cronies.

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jim`

Heh, the word has been spread.

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