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When free trade and corporatism collide

Last week, Carpe Diem wrote last week about consumers paying $2.5 billion in tariffs on imported sugar, which is part of the cost of protectionist policies.

CNBC recently had a free trader and someone from a special interest group to discuss the issue. Take notice how the guy representing farm interest immediately ties getting rid of these tariffs to importing oil and getting rid of the US sugar industry. He just doesn’t believe in competition:

H/T: Club for Growth

Libertarians will never see any of their dreams come to fruition as long as they continue to regard Big Government and Big Business as separate entities. While the public illusion that there is a difference between them has been successfully maintained up to this point in our nation’s history, they have over the course of the last century become one and the same thing. And I think the emerging groundswell of populist anger stems from the increased recognition of this fact by average citizens who had, up till now, bought into the dualistic charade of left/right, liberal/conservative, Demopublican/Republicrat politics contrived by corporate spin doctors to keep us all distracted while they robbed the middle and working classes of their already meager slice of the pie.

The ascension of the corporate-state is to some extent a fact in all the developed nations, but nowhere more completely and seamlessly as in the U.S. I personally don’t see how anyone can think otherwise, after witnessing the indisputable phenomena of corporate mega-finance of elections through PACs and donation bundling, corporate leaders writing the very laws that regulate their own industries, the continued monopolization of media and information by a mere half-dozen multinational corporations, and the revolving career door between Washington and corporate board rooms.

http://www.campaignforliberty.com/blog.php?view=32260

Anonymous's picture

No economy, no market, can be “free” when one industry—banking—has absolute control over the issue and distribution of money. Finance capitalism is the exact opposite of free enterprise. It is oligarchy masquerading as ‘markets’. He who creates the money owns and operates the markets. For the money oligarchs, “free” means they are free to buy the world, and everybody else is free to work for them or die off. I don’t think that’s the kind of world any of us want to live in. So I’m with AeliusRomulous. We need a better way, something other than the failing debt-based money system we have now.

http://theburningplatform.com/economy/a-depressing-budget-paul-krugman

http://theburningplatform.com/

Anonymous's picture

“It’s the DEBT, Stupid!”
We’re Doing Something About it! Come Join the Swarm!

(Bloggers, please link to SwarmUSA.com. Feel free to copy this link and banner for display, thank you!)

http://economicedge.blogspot.com/

Anonymous's picture

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