The piece below arguing for the benefits of Chapter 313 is just the latest of many examples of those lobbying for particular groups (rent seekers) than for taxpayers. Moreover, these instances are blinded either purposefully or stupidly from the unseen costs of Chapter 313-type forms of government-determined corporate welfare, wrongly called "economic development."
Competition is what allows markets through voluntary exchanges determine efficient prices that support economic growth and innovation. Corporate welfare destroys competition and makes society poorer in the process.
Crony corporatism has too often been loosely replaced as crony capitalism, but these two are mutually exclusive terms.
Capitalism is not crony. The issue is when capitalism is distorted by socialist policies, such as economic development, minimum wages, welfare, etc. that redistributes income and wealth by a less knowledgeable government compared with the vast knowledge of the marketplace.
This piece and others indicate that those supporting crony corporation are feeling the pressure. Liberty-loving, free market-appreciating folks must continue the good work!
Vance Ginn, Ph.D.
Free market economist with leanings towards Chicago/Austrian schools of economics. Hard rock drummer. Classical liberal. First generation college graduate at Texas Tech University. Hometown: Houston. Recovering academic. Work at the Texas Public Policy Foundation in Austin to research ways to #LetPeopleProsper. Live the dad life in Round Rock, TX. Views=mine.