Competitive Enterprise Institute Fellow Bill Frezza classifies capitalists by tactics and wealth sources: Crony Capitalists obtain riches through government favors, exhibit “willingness to use the coercive powers of government to gain an advantage they could not earn in the market,” and are “happy to help themselves to money from the public treasury [through] subsidies that flow directly into their coffers.” By contrast, Market Capitalists satisfy “willing customers through free exchange,” risk “their own money to earn their own rewards,” and “meet their rival[s] in open competition, may the best products win.”
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Merit shop contractors, business interests stare down ‘ambush’ election catalysts
Sources: Coalition for a Democratic Workplace, Associated Builders & Contractors, Competitive Enterprise Institute, Washington, D.C.; CP staff
The Coalition for a Democratic Workplace, representing a wide range of business groups—National Precast Concrete Association, National Ready Mixed Concrete Association, Portland Cement Association and American Concrete Pressure Pipe Association among them—will challenge the NLRB Representation-Case Procedures rule in federal courts, arguing the agency’s action “paves the way for unfair and illegal ‘ambush’ elections.”
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