Going forward the Trump needs to be held accountable. With properties and projects around the world there are and will be many opportunities for crony capitalism to sprout within the new administration. It is incumbent upon those of us who believe in free markets and a non-crony economic system to hold the new administration’s feet to the fire. Cutting the federal workforce is excellent. Handing out subsidies to favored businesses would be very very bad.
Trump has an historic opportunity to rise above the crony temptations which are now laid out before him. If he truly wants to “make America great again” and to “drain the swamp” he needs to be hyper conscious of any cronyism taking root and to pull it out of the White House garden with prejudice. If he does this the American people will reward him for it. If on the other hand Trump allows cronyism to take root in his administration the American people will punish him for it.
(From The Washington Post)
Writing in the Wall Street Journal’s opinion pages this week, conservative columnist Holman W. Jenkins Jr. said Trump’s administration could “swirl down a drain of cronyism.”
“Foreign and domestic business interests will be lining up to partner with the Trump children believing it buys favor with the Trump administration,” he wrote. “It can’t be otherwise on our human planet.”
Trump’s policy initiatives pose a second threat, de Rugy says, including an infrastructure spending push that could be steered toward the president’s friends or business associates. Ronald Klain, a former aide to President Obama, warned Democrats recently that Trump’s funding plan for infrastructure, which relies heavily on tax credits for private industry, would amount to “a massive corporate welfare plan for contractors.”