Politics

Palin Slams Trump's Carrier Deal As 'Crony Capitalism'

| by Lauren Briggs

Former Republican Gov. Sarah Palin of Alaska may be one of President-elect Donald Trump's biggest supporters, but that did not stop her from criticizing the deal he made with Carrier, calling it an example of "crony capitalism."

"When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent," Palin wrote of the agreement in a Dec. 2 op-ed for Young Conservatives.

Palin, a rumored Trump cabinet candidate, was referring to Indiana-based production company Carrier's announcement on Nov. 29 that it would refrain from moving 1,400 jobs to Mexico as planned and would instead keep 1,000 jobs in the state after speaking with Trump and Vice President-elect Indiana Gov. Mike Pence, notes The Washington Post.

Few details are available regarding the arrangement, and it is unknown whether the 1,000 named jobs included the 400 positions the company vowed to keep in Indiana months before in March, or what incentives Trump or Pence potentially offered the company.

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When politicians get involved offering companies too many incentives, "the invisible hand that best orchestrates a free people's free enterprise system gets amputated," Palin wrote in the op-ed. "Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail."

Palin went on to point out that her concerns are still speculative, as she does not know all the details, but trusts Trump and his advisers to understand her concerns about big government -- at least until the terms of the agreement are released to the public.

"But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn't the answer..." she added in her Young Conservatives opinion piece. "...[That would] strangle competition and really, really, dispiritingly screw with workers' lives. It's beyond unacceptable, so let's anticipate equal incentivizes and positive reform all across the field -- to make the economy great again."

Sources: Young Conservatives, The Washington Post / Photo Credit: Gage Skidmore/Wikimedia Commons

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