Corporate profits or corporate welfare? If you take away the welfare US corporations get from the government there would be very little, if any, profits. Both Schiff and the respondents are clueless.
Speaking of freak (fake) Libertarian fucktards: I present Keith Weiner
A free market is composed of people who produce and trade the products of their efforts in exchange for the products of others. The free market is able to coordinate the activities of everyone, and enable everyone to optimize his results. Unfortunately, governments interfere in the free market. They do so by the use of force. The government always justifies its intrusions on the grounds of helping people.
My working definition of a fake libertarian is someone who misuses both terms: ‘markets’ and ‘government’ as we see exemplified by Keith Weiner’s above quote. Fake libertarians don’t really want free markets. That’s their dirty little secret. A free market, based on a (near) perfect market-making mechanism like the one I designed in 1996 (illegally patented; US pat. No. 5950176) scared the hell out of the fake libertarians in Hollywood and Wall St. who stole the technology and screwed it up (keeping my version off the market) before they outlawed the bastartized version altogether with Dodd-Frank in 2010. If the Virtual Specialist technology had been allowed to revolutionize markets, price discovery would have entered a new phase of purity that would have obliterated much of the income streams of fake libertarians like Schiff and others. The Fake Libs love the broken system the way it is. It’s a way to justify their rent seeking while claiming to be for ‘freedom.’
Markets can be made to more perfect by allowing price discovery to include all currently ‘externalized’ costs, claims and risks but don’t ask any so-called libertarians for help on this. They prefer the rent seeking that comes from being upstream in a dirty, broken system.
On the other side of the coin, the misuse of the word government; this is self-evident in Weiner’s quote, as it flies in the face of everything the founders put forth. If you have trouble with this, reread the Constitution.