In a great video produced by The American Conservative, Tim Carney explains how crony capitalism, led by GE, ruined Americans’ lightbulb choice, sent American jobs overseas, and used the government to benefit just a few companies. The issue of light bulbs seems mundane, but the restrictions—along with regulations on shower heads, washing machines, small engine ruining ethanol, and more—slowly lower Americans’ standard of living and raise costs, benefiting corporate interests or special interests.
Timothy O. Jones
Latest posts by Timothy O. Jones (see all)
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