GE, Obama and cozy government business

posted by
March 24, 2011
Fox News Forum
by John Stossel  
Posted in Commentary, PND Commentary

"In America today, the biggest recipients of handouts are not poor people. They're corporations. ... Businesses love to have government as their partner. There's safety in it. Why take chances in a marketplace full of fickle consumers and investors, when you can get secure money and favors from the taxpayers? It's an old story, and free-market advocates as far back as Adam Smith warned against it. Unfortunately, too many people think 'free market' means pro-business. It doesn't. Free market means laissez faire: prohibit force and fraud, but otherwise leave the marketplace alone. No subsidies, no privileges, no arbitrary regulations. Competition is the most effective regulator." (03/24/11)  

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