John Stossel on Crony Capitalism and the Export-Import Bank

There’s capitalism, and then
there’s “crapitalism”—crony capitalism. Capitalism is great because
it lets entrepreneurs raise money so they can scale up and get
their products and services to more people. If there is free
competition, innovators with the best ideas raise the most money,
and the best and cheapest products spread far and wide.

But it’s crapitalism when politicians give your tax
money and other special privileges to businesses that are run by
politicians’ cronies, writes John Stossel. And the biggest funder
of this crapitalism is the Export-Import Bank.

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