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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Sept. 27, 2006 / 5 Tishrei, 5767

Big business loves government

By John Stossel


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http://www.JewishWorldReview.com | I keep reading that big business wants government off its back. But that's a myth. Here's the truth:


"[B]ig business and big government prosper from the perception that they are rivals instead of partners (in plunder). The history of big business is one of cooperation with big government."


That's Timothy Carney writing in a recent Cato Policy Report. He's the author of a new book, "The Big Ripoff: How Big Business and Big Government Steal Your Money." Carney's book shows that government and business are not antagonists but allies. They've always been allies. Politicians like it that way because they get power and prestige, and businessmen like it because they get protection from competition.


There was never a time in America when big business didn't get favors from government, which means the taxpayers. Canal and railroad companies loved the big government contracts. Corruption was rampant, and work was often shoddy, but the contracts paid handsomely. The politicians prospered, too. Only taxpayers and consumers lost out.


The history books say that during the Progressive era, government trustbusters reined in business. Nonsense. Progressive "reforms" — railroad regulation, meat inspection, drug certification and the rest — were done at the behest of big companies that wanted competition managed. They knew regulation would burden smaller companies more than themselves. The strategy works.


Regulation isn't the only form of protection that big business gets from government. Companies with political clout get cash subsidies, low-interest loans, loan guarantees and barriers to cheap imports.


Even foreign aid is a subsidy to big business because governments receiving the taxpayers' money buy American exports. Fans of foreign aid say those exports are good for the economy because they create jobs. Don't believe it. If the taxpayers had been able to keep the money, their spending would have created other jobs — probably more jobs.


Most people don't realize that Enron favored the Kyoto Protocol on climate change and wanted energy regulations beneficial to itself; Philip Morris favors tobacco regulation; Wal-Mart's CEO came out for a higher minimum wage; and General Motors embraces tough clean-air rules. Why? Because, as Carney points out, big companies with lots of lawyers and accountants can make the regulations work for themselves, while smaller competitors are hampered.


BUY THE BOOK

Click HERE to purchase it at a discount. (Sales help fund JWR.).


Carney's is not the first book to bash big business. What makes his different is that rather than opposing the free market, he loves it — which is why he hates the business-government alliance. In a free market the consumer calls the shots. In the corporate state the business-government alliance restricts consumer choice.


Another friend of the free market hated the business-government alliance: Adam Smith. In "The Wealth of Nations" Smith wrote, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick. . . . But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary."


There's where things went wrong. The government does facilitate such assemblies. More than that, it provides big business something it can't have in the free market: the power to restrict competition by force. Anyone worried about the power of big business should remember real coercion comes only from government.


The voluntary, competitive marketplace is better for us all.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JUST OUT FROM STOSSEL
Myths, Lies and Downright Stupidity: Get Out the Shovel --- Why Everything You Know Is Wrong  

Stossel mines his 20/20 segments for often engaging challenges to conventional wisdom, presenting a series of "myths" and then deploying an investigative journalism shovel to unearth "truth." This results in snappy debunkings of alarmism, witch-hunts, satanic ritual abuse prosecutions and marketing hokum like the irradiated-foods panic, homeopathic medicine and the notion that bottled water beats tap. Stossel's libertarian convictions make him particularly fond of exposes of government waste and regulatory fiascoes. Sales help fund JWR.



JWR contributor John Stossel is co-anchor of ABC News' "20/20." To comment, please click here.


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