Taking advantage of the system: Costco and crony capitalism

Some folks don’t think so much of how Costco does business. Steve Greenhut provides his take as Costco exec epitomizes Obama’s love of crony capitalism:

“It seems fitting that the main corporate speaker at the Democratic convention comes right out of the crony-capitalism school of business. It seems fitting that it uses its muscle to arm-twist cities into taking others’ property and into filling its coffers with tax dollars.”

Perceptions are a big part of being able to make the sale. Apple knows this. Costco has its take. With government as big as it is, the customer is a smaller part of the equation in how to make a profit.

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