I did a video several years ago on the link between big government and big corruption, 
and I periodically revisit the issue by citing disgusting examples of sleaze and cronyism ranging from the Export-Import Bank to the racial spoils scam in Alaska.
The folks at Learn Liberty also have a great video on this topic, explaining how big government creates all sorts of unfair and corrupt advantages for politically connected large corporations.
Amen. Whether we’re talking about TARP bailouts, our loophole-ridden 72,000-page tax code, Obamacare favoritism, 
or green-energy scams, it seems like the federal government is a giant favor factory.
So why, then, are some people in favor of big government. Is it naiveté or are they part of the racket?
In any event, I highly recommend some other Learn Liberty videos.
- What’s better, free trade or protectionism?
- How government subsidies increase the cost of higher education.
- Is Obamacare constitutional?
- Examining how excessive federal spending is America’s real fiscal problem.
I especially like the last video since it echoes many of the points I made in my video series on the economics of fiscal policy.
International Liberty 
[…] This is true for business policy. […]
[…] And I have also asserted over and over again that big government is a racket for the benefit of insiders. […]
[…] And I have also asserted over and over again that big government is a racket for the benefit of insiders. […]
[…] tradition, I saved the best for last. I’ve written many times that being pro-capitalism is not the same as being […]
[…] tradition, I saved the best for last. I’ve written many times that being pro-capitalism is not the same as being […]
[…] free enterprise does not mean supporting big […]
[…] is true for business […]
[…] written many times about how big businesses often climb in bed with politicians to lobby for anti-market policies such as subsidies, bailouts, and […]
[…] of what I would say is captured in the excerpts above. Simply stated, it’s not a good idea to mix big business with big […]
[…] as I warn in this CNBC interview, I have major concerns about big government and big business getting in bed […]
[…] may be tempted to say Pelosi’s legislation is what they deserve. While I fully agree that it’s despicable for big companies to get in bed with big government, please remember that the main victims of […]
[…] The moral of the story is that big government and big business shouldn’t be in bed together. […]
[…] flip side of my hope for a hard Brexit. Regardless of the country, it’s not easy to prevail when big business and the political elite are lined up on the wrong side of an […]
[…] side of my hope for a hard Brexit. Regardless of the country, it’s not easy to prevail when big business and the political elite are lined up on the wrong side of an […]
[…] side of my hope for a hard Brexit. Regardless of the country, it’s not easy to prevail when big business and the political elite are lined up on the wrong side of an […]
[…] So the only thing I’ll add is that we also need to realize that this plan, if ever enacted, would be a potent recipe for corruption. […]
[…] politician because it wants handouts or government intervention that will produce unearned profit, that’s wrong. Sort of like being a co-conspirator to a […]
[…] especially nauseating when big companies learn that they can get in bed with big government in order to obtain unearned wealth with bailouts, subsidies, protectionism, and other […]
[…] especially nauseating when big companies learn that they can get in bed with big government in order to obtain unearned wealth with bailouts, subsidies, protectionism, and other examples of […]
[…] Don correctly notes that this process of redistribution facilitates cronyism (the focus of another Learn Liberty video) and corruption in Washington, an issue I’ve addressed in one of my videos […]
[…] Don correctly notes that this process of redistribution facilitates cronyism (the focus of another Learn Liberty video) and corruption in Washington (an issue I’ve addressed in one of my […]
[…] Don correctly notes that this process of redistribution facilitates cronyism (the focus of another Learn Liberty video) and corruption in Washington (an issue I’ve addressed in one of my […]
[…] seems like a feel-good story, very appropriate for the holidays. After all, companies that get in bed with big government deserve bad […]
[…] The Corrupt Nexus of Big Business and Big Government […]
SF, what’s truly comical (or sad) about your explanation is that many liberals claim to hate corporations and favor smaller businesses; yet their favored policies actually hurt those same small businesses while giving the corporations a huge advantage.
A great example of this is the recent tax scamming that GE has been using to reduce and/or eliminate their tax burden. Of course, their CEO is BFF with Obama!
Another great example is how liberals claim that corporations are evil, greedy organizations that all commit crimes and need to be taxed into submissions. Have you ever noticed that almost every liberal has either an iPhone or iPad made by one of the most profitable (IE, greedy!) corporations in human history?
And, of course, liberals hate monopolies but the largest monopoly in our country is the federal government! But the government can be trusted, not those evil corporations!
An excellent video. I’d like to add my own definition/version:
Crony Capitalism (a.k.a. Fascism) Noun –
An immoral economic system that results when Govt intentionally overregulates, taxes, and suppresses non-favored business enterprises, pushing them to the point of extinction; meanwhile subsidizing & supporting its big business cronies. Govt also passes legislation favoring its business allies giving them an exclusive & unfair advantage over their smaller competitors, which in turn drives the disfavored entities bankrupt. This diabolical scheme results in everyone having fewer choices in the marketplace, which forces consumers into buying inferior products at much higher prices from the remaining govt supported businesses.