Monday, February 27, 2012

Charles Hugh Smith on crony capitalism

One of the reasons I am posting this is that Smith uses CAFOs (concentrated animal feeding operations), with which I am very familiar as an Iowa resident. CAFOs are the bane of not only of the family farm and small farmers, but aso the environment. The public has found that it is difficult to impossible to regulate them owing to their political clout. Anyone owning rural land is threatened with a CAFO moving in nearby, making their land worthless for anyone but a CAFO owner.

Read it at Of Two MInds
The Perfection of Crony Capitalism: Use Regulation to Destroy Competitors
by Charles Hugh Smith
(H/t Zero Hedge)

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