The price of crony capitalism.

Big Biz booms, Small sags.

“What we’ve had is a tale of two recoveries,” said John Ryding, chief economist at RDQ Economics. “Between large businesses and small businesses, it is literally the best of times and the worst of times.”

Why is this?

Jared Bernstein, a senior fellow at the liberal Center on Budget and Policy Priorities and a former economic adviser to Vice President Joseph R. Biden Jr., said, “Larger businesses have consistently had more going for them in this recovery.”

He added: “They have better access to credit markets. They have greater ease in exporting abroad…

 Sure, that doesn’t hurt.  Nor does it sting to make $14 billion dollar profit and pay no taxes.  Getting exempted from strangling ObamaCare regulations?  That sort of thing?

The rest of us must make do with crumbs from the Ruling Class’s table.

About wormme

I've accepted that all of you are socially superior to me. But no pretending that any of you are rational.
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8 Responses to The price of crony capitalism.

  1. MAW says:

    They can also pull up stakes and move to another country with a cheaper work force and less or no environmental restrictions.

  2. MAW says:

    Interesting comparison between a culture that picks its self up and goes to work and one that sits back with its hands out. Pictures of Japan cleanup 3 mos. after earthquake and tsunami. Pictures of New Orleans Lower Ninth Ward 4 1/2 mos. to 3 yrs after Katrina.

  3. SeanB says:

    Just make sure they pay import tariffs then. They are welcome back here, where there is a lot of unemployed to do the work.

  4. MG says:

    ‘A bourgeoise is a bourgeoise.’

    Welcome to European socialism. It was originally named Germanic Socialism. Bonus points for knowing the most describable of its political parties in the 20th century (hint: it liked imperial Roman imagery).

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