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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Department of Agriculture chief announces $3M in Tall Wood Building grants
In partnership with the Softwood Lumber Board and the Binational Softwood Lumber Council, U.S. Department of Agriculture Secretary Tom Vilsack has named U.S. Tall Wood Building Prize Competition winning teams: 130-134 Holdings LLC, for the proposed 475 West 18th residential condominium building in New York City, incorporating extensive use of wood structural elements throughout 10 levels; and, The Framework Project LLC, proposing a 12-story namesake building in Portland, Ore., constructed primarily of cross-laminated timber, and comprising of five levels of affordable housing, ground floor retail, five levels of office space, and roof top amenity space.