I finally got around to seeing John Stossels show from January 14, 2009, and Im glad I watched.

http://dprogram.net/2010/01/15/video-stossel-show-crony-capitalism-vs-capitalism/

Ive been saying for years, that its not WHAT you know, it is WHO you know…and you know….I was right. Im not exactly proud of this fact, but more and more we are seeing how things work in our world. It doesnt matter if you are looking for a job or working within the confines of our government…it is WHO you know.

John Stossels show took a look at something thats called “crony capitalism” which is basically using lobbyists to further your companies agenda. He takes a look at several different industries to explain this in detail.

In a nutshell, special interest groups/lobbyists manipulate regulations and help create laws which exclude new and smaller companies, which in turn, helps the bigger more established ones. This also creates a bigger and more powerful government. New laws are created that do not foster competition, they foster the connections these companies have with government….and then, those companies hide behind these rules.

Now, before anyone slams me for being one-sided…both sides of the aisle do this. Every administration has been a part of this problem. And after watching the show, Im sure you will see EXACTLY what needs to stop!

I have embedded the show below (6 parts) OR if you have problems watching here, click on the title of this blog and watch.

Part 1

Part 2  http://www.youtube.com/watch?v=dzqTXTHe2ZE&feature=player_embedded

Part 3  http://www.youtube.com/watch?v=d6fjiPYvPzg&feature=player_embedded

Part 4  http://www.youtube.com/watch?v=UCmw8hZSdOI&feature=player_embedded

Part 5  http://www.youtube.com/watch?v=nahyeLS16zw&feature=player_embedded

Part 6  http://www.youtube.com/watch?v=_fnwBUu6l2w&feature=player_embedded

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