"Thousands of New Millionaires Are About to Eat San Francisco Alive"
Who's better suited to innovate?

"Capitalism Isn't Corporatism or Cronyism"

The first half of this piece can be skimmed or skipped. But this paragraph nicely expresses an idea that can't be repeated often enough:

Those who speak of “crony capitalism” use a smear, to blur distinctions and blame innocents. But let’s keep facts (and terms) perfectly straight. Let’s not equivocate. Above all let’s acknowledge that the real culprits in corporatism are precisely those people who pretend to rail against it: the likes of Ralph Nader, Robert Reich, Barack Obama, and their friends in “Occupy Wall Street.” They all want bigger, more intrusive government in our lives; they are all full-throated pushers of the welfare state and “social democracy” (socialism by vote). Yet they whine against the undue influence of big business and corporations (and their cash) on political campaigns, lobbying, and policy-making. If government is going to intervene to redirect literally trillions of dollars of income and wealth from natural flows into artificial ones, it’s positively inviting and fostering cronyism. The closet corporatists claim to want to get money out of politics, but they won’t dare get politics out of money-making; they claim that capitalists and bankers are to blame for our many woes, but they won’t dare advocate capitalism, the only system that specifically precludes favors to capitalists (or any other sub-group). They deride influence-peddling but demand ever-more intense forms of government influence.