Crony Capitalists Are Spoiling Your Food
The Political Orphanage
Andrew Heaton
4.9 • 999 Ratings
🗓️ 24 March 2022
⏱️ 84 minutes
🧾️ Download transcript
Summary
Justin Pearson of the Institute for Justice joins to discuss the many ways in which dubious characters use the power of the state to stifle competition.
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Transcript
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| 0:00.0 | Hello and welcome to the political orphanage. When other podcasts and political media are boxing, we're all playing spin the bottle. |
| 0:17.0 | I'm your host Andrew Heath, and today is a tie tirade episode. |
| 0:22.8 | Sorry. |
| 0:24.1 | I try really hard not to go on tirades. |
| 0:26.0 | I do. |
| 0:27.2 | I try to keep the content pithy and interesting |
| 0:30.7 | and refrain from audio content which makes my blood pressure skyrocket. |
| 0:35.0 | But friends and neighbors, as a top hat wearing full-throated advocate of the miracle of free enterprise, |
| 0:41.0 | I get real bent out of shape by crony capitalists. |
| 0:47.0 | In a market economy, businesses innovate new ways to serve customers and make a buck |
| 0:52.2 | by doing so. For example, the time I try to make |
| 0:56.2 | magnetic chocolate, which is both delicious and you can stick to the front of your |
| 1:01.0 | refrigerator or under your car, very convenient. And if not for the |
| 1:04.9 | minor side effect of lethal gut torsion, I'd probably be a millionaire right now. And there'd be |
| 1:10.3 | a lot of sated Americans with extra pantry space. |
| 1:14.9 | And in a market economy, businesses also compete with one another |
| 1:18.3 | over who gets to best serve customers and thereby keep their money. |
| 1:22.7 | Usually that's by figuring out how to make goods cheaper |
| 1:25.6 | and underselling their competitors, |
| 1:27.2 | which results in a net gain for us consumers |
| 1:29.7 | since we keep more of our money. |
| 1:31.4 | Sometimes it's making a superior type of product which already exists. |
... |
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