By Ryan S. Walters
The great historian Burton Folsom, professor history at Hillsdale College, wrote a groundbreaking book defending many of the so-called “robber barons” of the Gilded Age, infamous men such as John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt, and J. P. Morgan. In Myths of the Robber Barons, Folsom delineates two classes of tycoons – market entrepreneurs and political entrepreneurs – one good, one bad.
If an entrepreneur is defined as “a person who organizes and operates a business or businesses, taking on financial risk to do so,” then what is a political entrepreneur? “A political entrepreneur uses government funds in business, which greatly reduces any financial risks to the ‘entrepreneur.’” So a market entrepreneur would be the former, someone who uses the free market, and takes risks, producing goods and services that people want, need, and desire at a competitive price.
John D. Rockefeller, Andrew Carnegie, J. P. Morgan, James J. Hill and businessmen like that were successful market entrepreneurs, using the capitalist system, as well as their brains to create successful companies. Others like Jay Gould and Edward Collins used their connections in government to get ahead.
Alan Lange, the Chief Scribe at Y’all Politics, is very much the political entrepreneur. He has a multi-million dollar company – MuniStrategies, LLC – that is subsidized by you, the taxpayer. In fact, the purveyor of Lange’s government largess is none other than Senator Thad Cochran. In 2011 Cochran’s Washington office announced the allocation of $81 million in tax credits to boost economic development in Mississippi, which is essentially the same economic philosophy as Obama and the Democrats. Receiving $28 million of those tax credits was MuniStrategies.
So now you can see why Alan Lange, with his Y’all Politics site, fought so hard to save Cochran’s hide in 2014, assisting in the trashing of Chris
By Ryan S. Walters