Big Business & Big Brother
5-Minute Videos | PragerU
PragerU
4.8 • 6.9K Ratings
🗓️ 11 December 2023
⏱️ 4 minutes
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| 0:00.0 | We're witnessing the biggest merger in history. |
| 0:05.0 | Big government and big business are getting together to tell us what to do, |
| 0:10.0 | what to say, and what to think. And the only way they can do it is to work around the Constitution. |
| 0:17.0 | Sometimes this alignment is voluntary, sometimes not |
| 0:25.0 | for the better. |
| 0:28.0 | for the better. An early hint of this merger occurred in 2013. |
| 0:31.0 | That's when the Obama administration implemented what it called Operation |
| 0:35.3 | Choke Point. The idea was to choke off a type of business, Payday Lending, that the administration |
| 0:41.4 | didn't like but couldn't get Congress to ban. |
| 0:44.0 | Payday lenders make small short-term loans at high interest rates. |
| 0:49.0 | Their customers are usually need of quick cash, for example to pay a bill that's due before the next paycheck |
| 0:55.0 | arrives. This is entirely legal. |
| 0:59.0 | Nonetheless, the Obama administration pressured banks not to process credit card |
| 1:03.8 | payments to these businesses or give them loans. Banks are heavily regulated and |
| 1:08.4 | very susceptible to government pressure. All the government had to do was |
| 1:12.3 | apply pressure to two banks, Four Oaks Bank in North Carolina, |
| 1:16.3 | and Commerce West in California. Soon others took the hint and stopped doing business with payday |
| 1:22.0 | lenders. State governments have taken a the companies about reputational risk and doing business with the National Rifle Association, thereby |
| 1:35.5 | denying it financial services. Recently, the federal government has been pressuring social media |
| 1:41.7 | platforms to censor speech. |
| 1:44.6 | As we learned from the Twitter files in recent litigation, government agencies such as |
| 1:49.4 | the FBI, Homeland Security, and the Centers for Disease Control and Prevention have been telling |
... |
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