Detractors of capitalism decry that it caters to special interests. The opposite is actually true. Just look at what’s happened in the last year.

Most of Wall Street came to government asking for a bailout when the government-created housing bubble popped.

The Big Three automakers also went to Washington for largesse when their customers came to prefer Toyotas and Hondas.

Health insurance companies stand to make a killing if Obamacare passes.

T. Boone Pickens and Al Gore would make millions from environmental legislation.

Ludwig von…

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Great result in California, where the voters figured out the plan by T Boone Pickens and his cronies at Chesapeake Energy to force people to buy their products. This despite the fact that Proposition 10 had been portrayed as “green” in a multimillion dollar propaganda campaign. Kudos to the environmental groups who opposed the swindle, thereby for once failing to play the Baptist to Pickens’ bootlegger. The Proposition failed by 5.5 million votes to 3.7 million.

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