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.Seminar.Seminar
Christopher C. HornerChristopher C. Horner Vail, CO Vail, COJune 2011June 2011
Crony Capitalism and theCrony Capitalism and theµGreen Jobs¶ CharadeµGreen Jobs¶ Charade
 
NOT
Capitalism
NOT
Capitalism
U
nder Progressivism, regulation itself was
U
nder Progressivism, regulation itself wasinvariably controlled by leaders of theinvariably controlled by leaders of theregulated industry, and directed towardregulated industry, and directed towardends they deemed acceptable orends they deemed acceptable ordesirable partly because the regulatorydesirable partly because the regulatorymovements were usually initiated by themovements were usually initiated by thedominant businesses to be regulated.dominant businesses to be regulated.
----Leftist Historian GabrielLeftist Historian Gabriel KolkoKolko
 
Crony Crony 
CapitalismCapitalism
LLeadingeading industrialists, "faced withindustrialists, "faced with seemingly insurmountableseemingly insurmountable problemsproblemsinitiatedinitiated the drive for federal government the drive for federal government regulation of theirregulation of their industry gleefullyindustry gleefullyhand[hand[inging] over control to the government ] over control to the government  in return for guaranteed rate increasesin return for guaranteed rate increasesand guaranteed profits.and guaranteed profits.
----RayRay Childs,Childs, Big Big Business and theBusiness and the rise of American Statismrise of American Statism
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