I read this about a week ago and don’t have much to add (nor the time) so I’m wimping out and just posting a teaser excerpt. Read the piece in full – crony capitalism is the path to socialism and they don’t get it at all.
Derek Miller, the president and CEO of the Salt Lake Chamber, recently expressed deep concern about “the assault on free enterprise from the far right and the far left, from the halls of government to the sidewalks of Main Street.” He then noted that while “Utah makes free market principles work better than almost anywhere else….We already see anti-growth, anti-job sentiments creeping in.” He concludes by commending Governor Herbert for “calling for financial literacy courses in high schools” in order to “combat fascination with socialism.”
In my opinion, what Miller fails to grasp is that the “fascination with socialism” is fueled, at least in part, by the U.S. and Salt Lake Chambers of Commerce as they go about socializing business costs while privatizing profits. In fact, the Salt Lake Chamber has actively worked to socialize costs while privatizing profits for decades…
Full disclosure: the author is my father.
Edit: Heh, I was in such a rush that I forgot to include a link to the article. I added it above and here for good measure.
Addendum: I just heard about this and it somewhat ties into this subject. Utah offers a Custom Fit Funding program to train a company’s employees in a specific field. Utah covers part of the training cost thus subsidizing “up to 40% of the training costs” per the pamphlet I got. I can see such a program helping entice companies to rural areas that are hurting and experiencing brain drain to the Wasatch Front etc. but the program is offered at SLCC and not limited to struggling areas or small companies. I have trouble subsidizing a big company when it could cover the cost of the training if the employee contracts to stay with a company for a certain amount of time (something that companies have done for a long time). This sure sounds like more corporate welfare to me.