February 15, 2016
Sometimes examples of Crony Capitalism happen right in front of us and we don’t notice it. Other times it is blatantly obvious. Last week Jim Cramer criticized Solar City for just that, “This is crony capitalism, because the only way these guys make money is through tax credits.”
Solar City calls 19 States in the US home, including Arizona. And while they promote “No upfront costs” and “lower energy rates”* they fail to disclose that they do so through government issued subsidies. These government backed loans and subsidies are paid for by tax payers and create a rigged market.
Watch his warning about these Crony Capitalists below…