Crony Capitalism – noun; a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of dirigisme.
It’s a perfect storm. After years of attacking elected officials who had the temerity to stand up for taxpayers, the Daily Times got its wish and Salisbury city government has returned to the days of the “Dream Team”. Real estate developers bought themselves a city council seat. Salisbury taxpayers now subsidize residential development by giving away EDU’s that were meant for commercial development. The Salisbury Area Chamber of Commerce is now the number one shill for taxpayer-subsidized development … under the guise of “working together”, the Chamber is now the lead cheerleader for taking from the city’s residents and doling out rewards to a few select developers.
Small wonder, one of those developers is now president of the Chamber.
After a few TEMPORARY construction jobs are created, it will be interesting to see how many permanent jobs come to Salisbury. It will be even more interesting to see what the next round of subsidies entail. Joe Citizen can continue to pay while others cash in.