This clash between politically minded businessmen and free-market libertarians is an old one. Adam Smith wrote ‘The Wealth of Nations’ to denounce mercantilism, the crony capitalism of his day. Milton Friedman wrote, ‘There’s a common misconception that people who are in favor of a free market are also in favor of everything that big business does. Nothing could be further from the truth.’
Mind boggling to me. This should be one area on which Reps and Dems could agree – no more corporate welfare. Sugar subsidies. Stadium giveaways for billionaire sports owners. The ExIm bank. Ethanol.
Ban ’em all.