There are now businesses and entire industries that exist solely as a result of federal patronage. Profiting from government instead of earning profits in the economy, such businesses can continue to succeed even if they are squandering resources and making products that people wouldn't ordinarily buy.
We are on dangerous terrain when government picks winners and losers in the economy by subsidizing favored products and industries.
Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers. This growing partnership between business and government is a destructive force, undermining not just our economy and our political system, but the very foundations of culture.
Economy is so riddled with corporate welfare and anti-competitive regulations, anti-innovation regulations. Regulations that are destroying opportunities for the disadvantaged, which is creating this two-tiered system we're headed for which has which is destroying opportunities for the disadvantaged and creating welfare for the wealthy.
Corporate welfare, I think, is a disaster for this country. It's crippling our economy. It is contributing to a permanent underclass and corrupting the business community.
In America, the first thing we have to get rid of is entitlements for the wealthy, and at the same time, open up the economy to the disadvantaged.
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