Monday, January 14, 2013

Guns, Walmart, and crony capitalism - The Week

Guns, Walmart, and crony capitalism - The Week:

You don't have to be a rocket scientist to see the potential for how Walmart could profit from cutting a deal. As The Washington Post reported last week:
One potential strategy [for gun control] would be to win support for specific measures from interest groups that are normally aligned with the NRA, according to one person who works closely with the administration on gun-related issues and who spoke on the condition of anonymity because of the issue's sensitivity.
For instance, this person suggested, Walmart and other major gun retailers may have an incentive to support closing a loophole that allows people to bypass background checks if they purchase firearms at gun shows or through other types of private sales. That could result in more people buying guns in retail stores. [Washington Post]
Or as the DC Examiner's Tim Carney explained on Fox Business, "it's just like [how] car dealers would benefit if you made it harder for me to sell my car to you."
This might be a good time to explain why conservatives like Carney don't trust big business. (I know there is a stereotype that says conservatives love big business, but it's simply not true.) The fact is that big business loves regulations because they have a competitive advantage when it comes to complying. Their upstart competitors don't have that same capacity, and thus, cannot compete.
Some call this crony capitalism; others, such as Jonah Goldberg, have labeled it "Liberal Fascism." And it seems to be on the rise.

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