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IPFS News Link • Crony Capitalism
Journalists and political partisans have expressed the mistaken presumption that government is a “balancing force” against the excess powers of corporations. This video explains that most excess power of corporations is provided and granted by government and that government seeks partnership with corporations and shares in the profits. This “public-private partnership” is so advanced that the public interest is no longer a primary concern of government. Government is now a for-profit operation serving itself at the expense of the public interest.
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