business subsidies

Mai 11, 2013 2:00AM

Crony capitalism the enemy of free enterprise

If business leaders ever wonder why a chunk of the public disdain business and call for higher corporate taxes or sector-specific increases (higher royalty rates for energy and mining, higher stumpage fees in forestry) or just increased business taxation in general, heres a clue: too many companies are addicted to corporate welfare.

Crony capitalism is problematic all on its own. Addiction to it only reinforces the perception that businesses cant be bothered to compete on merit, in an open market, but prefer to plead for political favours and protection at taxpayers expense.

Étiquettes:

corporate welfare, government spending, canada, crony capitalism, taxes, royalty rates, stumpage fees, resource rent, business subsidies

Septembre 22, 2012 2:00AM

How the media covered Occupy Wall Street-and crony capitalism

Mark Milke

With the recent first anniversary of Occupy Wall Street, consider one beef from protesters that was legitimate: crony capitalism.

In general, Occupy Wall Street types could be described as a little too naïve about the downside of more government power, and too critical of people who exchange goods and services in markets.

But insofar as any protester was annoyed with politicians who like to subsidize specific businessescorporate welfare in other words, and which is an accurate example of abused capitalism, hand me a protest sign and give me a tent.

Étiquettes:

occupy wall street, corporate welfare, crony capitalism, occupy protests, business subsidies

Septembre 11, 2012 2:00AM

Industry Canada loses $5B; Access request finds $7.4B lent, just $2.1B repaid

Mark Milke

The well-known quip - The definition of insanity is doing the same thing over and over again and expecting different results - is often attributed to Albert Einstein or Mark Twain. Accurate attribution has never been confirmed.

Étiquettes:

industry canada, corporate welfare, corporate subsidies, government spending, business subsidies, financial aid, government subsidies

Novembre 27, 2009 2:00AM