Brain357
Platinum Member
- Mar 30, 2013
- 37,068
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This is a great article. What we need is more free market capitalism, but neither political side are giving us that. The left is talking too much about socialism. The right pretends to be capitalists, when really they are crony capitalists. Unemployment is very low, but wages are still stagnant. We need to move away from these crony policies.
Crony capitalism is just socialism lite
Our politicians like to claim, and might even believe, they are helping markets and growing the economy when they grant special economic privileges. They are actually cheating their constituents out of the benefits of free markets, distorting choices and interfering in decisions with unstable, arbitrary policymaking customized for the privileged elite. They are, on a more limited basis, doing what socialist leaders and bureaucracies have done everywhere socialism has been tried on a mass scale. And the negative results are the same, except that we have a huge economy, much of which is relatively unmolested, that mostly papers them over, at least until the last few decades.
Crony capitalism is socialism lite, and anti-free enterprise. Too many of our leaders, including some who call themselves Reagan Republicans, take part in it. But for those who see socialism as a counter to the elitism they see in capitalist economies, think again. History teaches that, due to socialism’s centralized nature, there is no place more replete with cronyism than one practicing socialism.
Crony capitalism is just socialism lite
Our politicians like to claim, and might even believe, they are helping markets and growing the economy when they grant special economic privileges. They are actually cheating their constituents out of the benefits of free markets, distorting choices and interfering in decisions with unstable, arbitrary policymaking customized for the privileged elite. They are, on a more limited basis, doing what socialist leaders and bureaucracies have done everywhere socialism has been tried on a mass scale. And the negative results are the same, except that we have a huge economy, much of which is relatively unmolested, that mostly papers them over, at least until the last few decades.
Crony capitalism is socialism lite, and anti-free enterprise. Too many of our leaders, including some who call themselves Reagan Republicans, take part in it. But for those who see socialism as a counter to the elitism they see in capitalist economies, think again. History teaches that, due to socialism’s centralized nature, there is no place more replete with cronyism than one practicing socialism.
