TeeJaw Blog

Crony Capitalism in Louisiana Casket Industry

Posted in Culture, Economic Theory, Government and Politics by TeeJaw on Thursday, August 12, 2010, 1: 41 PM

A previous post, A Despised Tax Collected By Wretches, described a hideous example crony capitalism in Wyoming. The video below follows the story in Louisiana of a similar alliance between a private industry and government to protect that industry from competition. As Adam Smith warned us in 1776 that businessmen will always seek an alliance with government to stifle and impair their competition and the honest statesman must guard against it.

These comments are taken from the YouTube site where the video below appears:

Under Louisiana law, it is a crime for anyone but a licensed funeral director to sell “funeral merchandise,” which includes caskets. To sell caskets legally, the monks of Saint Joseph Abbey would have to abandon their calling for one full year to apprentice at a licensed funeral home, learn unnecessary skills and take a funeral industry test. They would also have to convert their monastery into a “funeral establishment” by, among other things, installing equipment for embalming human remains.

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