Obama-Endorsed VC Program Promises 6,000 New Startups

Obama-Endorsed VC Program Promises 6,000 New Startups
hothardware.com

The feds can't even protect the border or catch Osama bin Laden and now they want to run some fascist incubator to give the political class even greater control over our society.

This is the first step of course. As the program grows, Congress will start creating demands like set-asides for racial groups or veterans, and it will just so happen that a phone call from a politician will seal the deal.

"An inherent aspect of fascist economies was economic dirigisme, meaning an economy where the government exerts strong directive influence, and effectively controls production and allocation of resources. In general, apart from the nationalizations of some industries, fascist economies were based on private property and private initiative, but these were contingent upon service to the state."

Over 50 years ago an environment of heavy government regulation and anti-competitive legislation (as you describe in the first part of your post) was posited by Ayn Rand in Atlas Shrugged. The argument being that it is in politicians interest to make business hard so that businesses are beholden to politicians. She called it the "aristocracy of pull".

I like to point out that taking $2B out of the economy will prevent the creation of- in my estimation- 4,000,000 jobs over the next 10 years. The money must come from taxes or inflation, and that lowers the bottom line at the end of the year when business owners large and small are deciding whether to expand or not. The lack of expansion in the first year means the businesses lose out on the profits that would have come from it on the second year, and like compound growth the missed opportunity compounds as well.

Better to let people allocate their own resources and capital. Central planning doesn't work, and inevitably leads to the aristocracy of pull.