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Tuesday, August 28, 2012

The Results of Regulatory Moats Around Crony Capitalists


Crony capitalists get richer and richer, while it becomes more and more difficult for most of us to cross the moat into the land of elitists, because of regulatory moats that are much easier for crony capitalists to deal with---because they have the money to hire lawyers and lobbyists to deal with the moats. The chart below on U.S. incomes says it all. A regulated society is a society of elitists, who control power centers.
 A look at U.S. income growth


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