Tennessee politics behind the scenes
It costs quite a lot to start one of those businesses, more than most people can afford. The chokehold that major corporations have on the American market would most likely keep them from gaining much foothold, too.
That's a great point but if Dodd/Frank prevents you from obtaining financing perhaps its also a cop out from fixing what most people know is bad Legislation.
Start a hospital? Can't do that without an approved "Certificate of Need", controlled by the state and the existing competition. Usually they decide they don't "need" your competition if it will hurt their bottom line.Health insurance? Can't do that without being on the approved list for your state, accept TennCare/Medicaid, etc., whatever is dictated to health insurers by the state government so you will offer exactly the same product as your competitors at fixed prices. Too discouraged and want a health care co-op instead? Can't do that either, only ones existing were "grandfathered" in with Obamacare.Charter school? Can't do that without approval of the existing competition local AND state government school boards. Only approved if you are determined not to "steal" too much business from their monopoly. Then your new business will have its enrollment capped by the state government just to make sure.Corporation or Etc? - First make sure you choose an industry not currently subsidized by the state government and planned by the governor's "secret" meetings - like Amazon, Volkswagen, Hemlock, Wacker, Silicon Ranch, Saturn, Dell, sports arenas, convention centers, transportation, revenue camera vigilante contractors. Otherwise, you will get a dose of "marketplace fairness". Of course since those deals are made "in secret", you have no way of knowing where to invest to avoid the "marketplace fairness" corporate welfare queens.Don't know much about banks beyond the fraud of fractional reserve banking. I would expect it is pretty tough to compete with negative interest rates offered by the fed's printing press and pumping $80 billion into the money supply every month. Since Congress abdicates their duty to the private contractors in the federal reserve, and refuse to even audit their actions (thanks Corker and Lamar!), you don't stand a chance.Maybe Ron could chew on that red tape a little more.
The wherewithal to compete, in competitive industry, must be accompanied by a level regulatory environment. Senator, does Number 41 not raise credible points about govt. and its regs?
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