“I think one of the biggest problems we have in the country is this rampant cronyism where all these large companies are into smash-and-grab, short-term profits, and that’s true even at the local level,†Koch explained.
Companies have created an environment in which entering an industry comes at a serious cost that off-sets innovation and economic development. Cab drivers can pay anywhere from $100,000 or $300,000 to get a medallion to drive a taxi, while hairdressers must pay for a two-year education for a license to style hair.
Koch freely admits the subsidies in place are ideal for large companies like his because they make more money through a marketplace that is difficult to enter.
“But for the country as a whole, it’s horrible. And, for disadvantaged people trying to get started, it’s unconscionable in my view. I think it’s in our long-term interest, in every American’s long-term interest, to fight against this cronyism. When a company is not being guided by the products they make and what the customers need, but by how they can manipulate the system — get regulations on their competitors, or mandates on using their products, or eliminating foreign competition — it just lowers the overall standard of living and hurts the disadvantaged the most. We end up with a two-tier system. Those that have, have welfare for the rich.â€
"There's no boogeyman! What do we do? What ever shall we do?!?!"

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