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I was going to point out the opposite, that most of these traits are attributable generally to "crony capitalism". First, his example is about banks that have h
by mchusma 13y ago
I was going to point out the opposite, that most of these traits are attributable generally to "crony capitalism". First, his example is about banks that have had the worst of it. Second, the government protects individuals and entities from negative externalities in a way not originally contemplated by the founders. Essentially cronyism protected railroads from being sued for negative externalities, and that presented today's regime. It is not a "natural" component of capitalism.