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"Michigan Think Tank Looks Into Scope of State’s Crony Capitalism — It’s Not Pretty"

Capitalism is generally excellent, but crony capitalism is definitely not.

The study found that, since 2001, Michigan lawmakers have forked over $16 billion in business subsidies and tax incentives. The study notes that that is more than the value of the state’s four major sports teams: the Lions, Red Wings, Tigers, and Pistons. That’s a bit of an understatement — it’s only a little less than four times the value of those franchises combined.

Related: "Crony capitalism against the real thing: Collusion between government and business corrupts the free market".