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The Big Ripoff: How Big Business and Big Government Steal Your Money Hardcover – July 11, 2006
Purchase options and add-ons
"Politicians like to say that government is on the side of the little guy. But with impressive documentation and persuasive examples, Tim Carney shows how government power and regulation are typically used to assist the powerful."
-Paul A. Gigot Editorial Page Editor, the Wall Street Journal
"Exposes the dirty little secret of American politics: how big businesses work with statist politicians to diminish the prosperity and freedom of consumers, taxpayers, and entrepreneurs. Carney employs top-notch writing ability, passion for liberty, and understanding of economics to demolish the myth that big business is a foe of big government. Everyone who seeks to understand who really benefits from big government should read this book, as should anyone who still believes that the interventionist state benefits the average person."
-Congressman Ron Paul U.S. House of Representatives, 14th District of Texas
"Small entrepreneurial businesses are the backbone success of our great economy. They are the biggest job and wealth creators. Is that why big corpocratic behemoth firms collude with big government for a liberal agenda of higher taxes and overregulation that will punish the small risk-takers? Tim Carney's new book describes how anti-business big business can be."
-Lawrence Kudlow Host of CNBC's Kudlow & Company
"Tim Carney explodes the myth that big business and big government are natural opponents. All too often, as he points out, they're both engaged in a common enterprise: picking your pocket."
-Ramesh Ponnuru Senior Editor, National Review
"A romping tour de force of the love affair between big business and big government from Teddy Roosevelt and the Robber Barons to Enron and the Kyoto Treaty. Indispensable for understanding how government regulation really works."
-Donald Devine Grewcock Professor of Political Science, Bellevue University
"Every CEO in America should read this book today, issue new directives to their bureaucrat-appeasing Washington lobbyist tomorrow, and join in the fight for economic liberalization."
-Fred L. Smith, Jr. Founder and President, Competitive Enterprise Institute
- Print length285 pages
- LanguageEnglish
- PublisherWiley
- Publication dateJuly 11, 2006
- Dimensions6.26 x 1.07 x 9.19 inches
- ISBN-100471789070
- ISBN-13978-0471789079
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Editorial Reviews
From Publishers Weekly
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
"...so good that you might even consider putting it under the tree of the liberals on your Christmas list....they will likely find it fascinating how big business uses government to its advantage. Furthermore, they will likely find The Big Ripoff hard to put down due to Carney's compelling style of writing.... Carney smashes the conventional wisdom that big business is inherently pro-free market and anti-government."—from "Santa Government" by David Hogberg (American Spectator, December 15, 2006)
"This book should be read by every Northern Virginia taxpayer for a chapter aptly titled "You Get Taxed, They Get Rich" in which Carney illustrates this dynamic by examining how former Gov. Mark Warner pushed through the largest tax increase in the commonwealth’s history. Warner, now a presidential hopeful, was helped by the state’s top business leaders, who themselves spent more than $7 million lobbying for higher taxes, instead of the other way around." (The Washington DC Examiner)
"Bashing big business is traditionally a left-wing indulgence, but it need not be. Political reporter Timothy Carney, a small-government conservative, takes up the task with relish in the "The Big Ripoff." Along the way, he produces a spirited and eminently readable indictment of the unsavory alliance between corporate and congressional America." (The Wall Street Journal, July 29, 2006)
"...makes a good case that the American people might be better served with less taxpayer subsidization and governmental protection of big business." (The Boston Globe)
From the Inside Flap
From General Motors to General Electric, Boeing to Philip Morris, today's largest corporations have mastered the art of working with government officials at every level to stifle competition. They reap billions through a complex web of higher taxes, stricter regulations, and shameless government handouts. And who foots the bill for the increasingly cozy relationship between big business and big government?
Consumers. Taxpayers. Entrepreneurs. You.
The Big Ripoff pulls back the curtain to show who is strangling America's tradition of free enterprise, how and why they are doing it, and what you can do to help restore free enterprise along with your long-trampled rights as both a consumer and taxpayer. Hard-charging investigative reporter and commentator Timothy Carney will both fascinate and infuriate you with insider tales that include:
- A decade after reforming the welfare system for individuals, Congress is making the web of welfare for corporations even more impregnable than ever
- How government land grabs"eminent domain for corporate gain"are unfairly driving small mom and pop operations out of business
- Why cigarette behemoth Philip Morris is stridently leading the war against its own products, and strengthening its tobacco stranglehold in the process
- How the controversial "death tax" actually benefits Warren Buffett, Bill Gates, and other billionaireswho are, not coincidentally, its most ardent supporters
- How the federal government drives up your gas prices with ethanol mandates and "clean fuel" rules that mostly enrich the biggest refiners and agribusinesses
- How Americans pay twice as much for sugar as the rest of worldand the difference lands in the pockets of one very rich, very well-connected family
- How the rich vote Republican, but how the very rich consistently back Democratic candidatesand why
Citizens and taxpayers are losing power over their government, and consumers and entrepreneurs are losing control over the economy, thanks to a deadly combination of power-hungry politicians and obliging CEOs. The Big Ripoff takes you deep inside the insidious, incestuous relationship of big business and even bigger government, and reveals how these purported rivalshuge corpora-tions and ambitious government officials?work together to the detriment of consumers, taxpayers, and entrepreneurs.
From the Back Cover
"Politicians like to say that government is on the side of the little guy. But with impressive documentation and persuasive examples, Tim Carney shows how government power and regulation are typically used to assist the powerful."
Paul A. Gigot Editorial Page Editor, the Wall Street Journal
"Exposes the dirty little secret of American politics: how big businesses work with statist politicians to diminish the prosperity and freedom of consumers, taxpayers, and entrepreneurs. Carney employs top-notch writing ability, passion for liberty, and understanding of economics to demolish the myth that big business is a foe of big government. Everyone who seeks to understand who really benefits from big government should read this book, as should anyone who still believes that the interventionist state benefits the average person."
Congressman Ron Paul U.S. House of Representatives, 14th District of Texas
"Small entrepreneurial businesses are the backbone success of our great economy. They are the biggest job and wealth creators. Is that why big corpocratic behemoth firms collude with big government for a liberal agenda of higher taxes and overregulation that will punish the small risk-takers? Tim Carney's new book describes how anti-business big business can be."
Lawrence Kudlow Host of CNBC's Kudlow & Company
"Tim Carney explodes the myth that big business and big government are natural opponents. All too often, as he points out, they're both engaged in a common enterprise: picking your pocket."
Ramesh Ponnuru Senior Editor, National Review
"A romping tour de force of the love affair between big business and big government from Teddy Roosevelt and the Robber Barons to Enron and the Kyoto Treaty. Indispensable for understanding how government regulation really works."
Donald Devine Grewcock Professor of Political Science, Bellevue University
"Every CEO in America should read this book today, issue new directives to their bureaucrat-appeasing Washington lobbyist tomorrow, and join in the fight for economic liberalization."
Fred L. Smith, Jr. Founder and President, Competitive Enterprise Institute
About the Author
Product details
- Publisher : Wiley (July 11, 2006)
- Language : English
- Hardcover : 285 pages
- ISBN-10 : 0471789070
- ISBN-13 : 978-0471789079
- Item Weight : 1.11 pounds
- Dimensions : 6.26 x 1.07 x 9.19 inches
- Best Sellers Rank: #1,160,817 in Books (See Top 100 in Books)
- #1,286 in Corporate Finance (Books)
- #7,685 in Political Science (Books)
- Customer Reviews:
About the author

For more than 20 years, Tim Carney has been a columnist, author, and editor in Washington, D.C. He is the senior columnist for the Washington Examiner and a senior fellow at the American Enterprise Institute.
His articles have been published in the New York Times, Wall Street Journal, Washington Post, New York Post, Atlantic, Reason, National Review, and many other newspapers, websites, and magazines. He has appeared on Fox, MSNBC, CNN, PBS, and CNBC.
Tim's first book, The Big Ripoff, won the Templeton Enterprise Award in 2008 from the Intercollegiate Studies Institute, and the Lysander Spooner Award for the "best book on liberty" in 2006.
Tim was trained under veteran columnist Robert Novak. Tim, one of four boys, was born in Greenwich Village and grew up in Pelham, New York. He lives in the D.C. area with his wife and their six children.
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Many corporations have found it to their advantage to troll for government subsidies and favors, to accept regulation of their industries on terms that will give them a competitive advantage, and even to support tax increases that will fuel the growth of government (particularly if someone else will bear the brunt of the increase).
Politicians welcome the support of wealthy contributors and are willing to do favors to get it. The characterization of one party being for big business and the other for the downtrodden is quite misleading.
These themes are illustrated by numerous examples - corporate welfare, regulatory schemes that deter new entrants, the tobacco settlement, etc. - that ring true and are convincingly documented. The final section about environmentalism for profit is particularly well done.
Enron, which some have cited as an example of private enterprise run amok, was quite adept at adapting to and profiting from government rules and policies. The company's accounting scams were designed to survive SEC scrutiny (short sellers were the first to notice that something was awry), it raised gaming the energy regulations of California to an art form, and it favored ratification of the Kyoto Protocol in hopes of becoming a player in the resulting cap-and-trade system.
Archer Daniels Midland has long benefited from government mandates and subsidies for ethanol, yet corn-based ethanol takes a lot of energy to produce (perhaps more than it provides) and the asserted environmental advantage over gasoline is illusory. The CEO is quoted as saying, when being pressed about acceptance of government aid, that "people who are not in the Midwest do not understand that this is a socialist country."
Other companies (e.g., General Electric and DuPont) hope to profit from "going green" in the future. They do not figure to make much progress without government support, however, and their motives are not necessarily altruistic.
Overall, The Big Ripoff leaves one with the perception of being victimized. I believe this impression is overdone, i.e., that many people in the business and government worlds are trying to contribute to the good of society even if their efforts fall short at times. It might also have been helpful if the author had offered some suggestions for making the situation better.
- Big business wants free markets
- Government protects us from big business
- Government regulations are intended to restrict big business
- Big business is more aligned with the political right than the political left
This book meticulously chronicles the mechanism by which big business partners with government in order to:
- subsidize its operations
- create its own government customers, both foreign and domestic
- eliminate the free market, and replace it with a corrupt one
- tilt the playing field so that small business has no chance
- control who wins elections
By the end, you realize that the government's primary function is to redistribute wealth from the middle class to the corporate class. You also realize we don't actually live in a free market. In a free market, the businesses that succeed are the ones who customers decide are providing value. In our system, the businesses that succeed are the ones who effectively suck money from taxpayers via the government, regardless of what they provide to the health of society.
This book is important because its message is unique. It is not the same tired old republican theories about trickle down economics or left-wing theories about the evils of the market. Thank you, Tim Carney, for advancing the debate past the usual left/right myths.
To take just one example, Carney focuses his investigative talents upon General Electric to show how they've been lobbying government since the days of FDR- and getting billions in return. But, as Carney exposes time and time again, this is standard operating procedure inside the Beltway.
There is something terribly wrong with our political system, and while we can never get money out of politics, The Big Ripoff does an A+ job of following the money.







