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Rigged economy? Ask the EconoMeterists


Friday, October 28, 2016

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Occupy Wall Street, 2011

YES: Unfortunately, the economy in many cases is rigged. Established companies lobby for more regulation, give generously to politicians on all sides and concoct an environment in which government controls a larger share of the economy. Regulation enables established firms to become even larger and very effectively limit competition from new enterprises. Wall Street is no longer the center for capitalism, but epicenter of cronyism. With government picking winners and losers, economic opportunities are indeed fixed.