08/30/04: Post by Craig
Posted by: BLOWBACK
Crony capitalism is anti-competitive and exclusionary.Consider the case of the Montreal Expos. Two separate investment groups have offered to buy the team and move them to the DC area. But the exclusive club of baseball owners has been preventing the sale for a number of years to protect Peter Angelos, owner of the Orioles and one of their cronies, from competition. That's capitalism? Where's the free market?Why does a GOP-controlled government allows baseball's monopoly to continue in the first place? Especially since, in this case, Angelos is a trial lawyer and huge contributor to the Democratic Pary.