Those Damn Crony Capitalists

This election we have had a full array of attacks on the system we live under….even from a person that has gamed the system to benefit himself….there has been so much talked about….especially those damn “crony capitalists”…..but what is this phenom we hear so much about?

Crony capitalism and genuine capitalism, if not opposites, are fundamentally opposed. Unfortunately the broader public, to date, is largely unaware of this.

Crony capitalism is the marriage of the state and private special interests. Some people have called it corporatism, mercantilism, fascism, or even Communism.

We will call it crony capitalism.

By whatever name, it is phony capitalism.

Well said…..and this is where an article I read in The American Conservative comes into the picture…..

The story of crony capitalism—where success in business depends on government favoritism, not competitive products—is often told in anecdotes. Anyone who follows policy debates can rattle off a list: the Solyndra loan-guarantee fiasco; the Utah woman who couldn’t braid hair for a living without undergoing 2,000 hours of formal training, a regulation designed to shield established salons from upstart competition. But while such stories serve as excellent examples of the phenomenon, they can’t reveal its true depth and breadth.

Crony capitalism isn’t just a collection of individual restrictions: it is a cancer that is slowly eating the economy. Signs of it can be found in even the broadest, most fundamental economic data, and the nation’s biggest industries have fallen victim to it. And rooting it out would require a complete rethinking of how businesses and the government interact.

Source: The Crony Economy | The American Conservative

Pay to play comes to mind….the Clinton camp is guilty as sin….Trump ……who knows for sure.

If the liberals are bitching about iot and now a conservative publication is also….then there is a good chance that it is the cancer that some call it.

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5 thoughts on “Those Damn Crony Capitalists

  1. Actually, it won’t matter. Capitalism isn’t designed to be anything but a self-destructive system, for it isn’t the system at fault. It is the way people use it, added to the sheer weight of numbers, one in particular, i.e., total population.

    Our inherent human inability to treat honestly with each other makes it a foregone conclusion that, in spite of there being, at this point, enough resources for us to live comfortably, the available resources are not fairly distributed, so, many suffer. As well, population growth needs to be slowed, to maintain at a sustainable level with finite parameters.. That won’t happen under capitalism, for it demands constant growth. In our culture, that requirement is further fueled by the insane avarice of the narcissist sociopaths who are the best at using money and its systems to manipulate others…

    It’s all coming to a head, as noted in almost everything I read these days. Every area of human culture is suffering the effects of over-population and human nature’s vicious need for dominance. I’d keep what used to be called a ‘weather eye’ on world events, folks; the time isn’t far off when events will culminate in what Mama Nature might term a “catastrophic adjustment” to Reality, of which we are a part, in spite of the delusional belief we are capable of controlling it ourselves.

    Money is just an idea. Without principles, it means nothing but trouble.

    gigoid, the dubious

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