Sunday, December 19, 2010

Crony capitalism is not a free market
According to the News, intense demand for the GM Volt, a vehicle supported by a $7,500 subsidy and built by a company that received billions in government bailout money, demonstrates the power of the free market. Wrong. This is an example of crony capitalism, not free markets.

[Letter to the Editor - The Detroit News. Submitted 12/19/2010.]

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