Crony capitalism is just socialism lite

[JBond]

Then you don’t support the socialism lite of the repubs? We need to get back to free market capitalism?

I disagree with your narrative...we have not seen pure capitalism in the USA for a very long time....too big too fail for example...
pure capitalism works...of course you need safety nets....secure ones not like the nets we have now....full of holes from abuse and deception...

You guys are saying the same thing.

What you're describing is crony capitalism.

Same thing the Democrats (the people, not the Establishment) have been complaining about for the last 5 cycles at least.

Complaining publicly while participating privately.

 

[JBond]

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.

only the right wing, never gets it.

Fail. Many dems have made vast fortunes from cronyism, including nearly all of the dem leadership.

 

[JBond]

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.

It isn't crony capitalism.... it is crony socialism. Capitalism is the free exchange of goods and services...if the government is handing them out to favorites, that isn't capitalism. That is socialism as it always turns out...

No bid contracts bother me as a small business owner. Try applying for federal contracts. The application process is insane. Hundreds of pages. Ridiculous demands that have nothing to do with the bid. It is heavily slanted to those with very deep pockets and connections. Small and mid-size groups have zero chance. The result is tax payers are forced to pay the bill for the most expensive, biggest, least effective contracts imaginable. I'm am sure no one is surprised. This is not a left/right thing because both play the game.

 

[JBond]

Foxconn is a huge example of crony capitalism and he clearly supports it. The cronyism is probably why wages are stagnant.

If there was no benefit for the American people your argument would carry more weight....
Crony capitalism is like when Obama granted government funds to his solar power buddies that helped fund his campaign and then watched them file for bankruptcy....why don't you start there?...or when Clinton enriched his Arkansas friends with government contracts...why overlook that?... neither of those two examples held any benefit for the people like Foxcon will...so do some historical research on cronyism....look into Di Fis closet...holy cow it will blow your mind that she gets away with what she does...or Maxine Waters....don't give me its only the repubs crap...

I agree those are examples of crony capitalism. Why is it repubs seem to know solyndra was bad, but Foxconn is good? The people have gotten no benefit from Foxconn, just a bill. It could easily be a complete bust. Solyndra and Foxconn are both bad. And trump clearly supports Foxconn.

Do you live in Wisconsin? How is the Foxconn deal effecting you? What exactly pisses you off about that deal? Trying to understand your point.

 

[JBond]

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.

It isn't crony capitalism.... it is crony socialism. Capitalism is the free exchange of goods and services...if the government is handing them out to favorites, that isn't capitalism. That is socialism as it always turns out...

People put "capitalism" in there because they're prejudiced against capitalism.

It's sorta like "social" justice. The "social" in front perverts the word justice. "Crony" is antithetical to capitalism, and therefore the proper term is just "cronyism", not "crony capitalism."

Criminal cronyism is part of every Republican Administration recently... And not so recently... That's how we get a corrupt deregulation bubble and bust every time they get 8 years in office....

A turd floats to the top of the bowl and adds nothing to a decent conversation. Not surprised.

 

[JBond]

Safety" nets would imply that you don't actually want "pure" capitalism

Pure capitalism does not mean you ignore compassion for your fellow man...helping people to help themselves is a enhancement to capitalism...

I would prefer that help come from freely given donations (time, money, training, etc.) instead of government mandates.

 

[Tehon]

So it sounds like you are conflating government over man with socialism and I know it is a common conception, but it isn't mine. So ya'll just keep fighting it out among yourselves.

My fighting days are over. Mainly I just run my mouth once in a while.

I plan on retiring on a warm beach some place sipping on those little fruity things with the umbrellas in em.

Live that dream, brother.

 

[Brain357]

Foxconn is a huge example of crony capitalism and he clearly supports it. The cronyism is probably why wages are stagnant.

If there was no benefit for the American people your argument would carry more weight....
Crony capitalism is like when Obama granted government funds to his solar power buddies that helped fund his campaign and then watched them file for bankruptcy....why don't you start there?...or when Clinton enriched his Arkansas friends with government contracts...why overlook that?... neither of those two examples held any benefit for the people like Foxcon will...so do some historical research on cronyism....look into Di Fis closet...holy cow it will blow your mind that she gets away with what she does...or Maxine Waters....don't give me its only the repubs crap...

I agree those are examples of crony capitalism. Why is it repubs seem to know solyndra was bad, but Foxconn is good? The people have gotten no benefit from Foxconn, just a bill. It could easily be a complete bust. Solyndra and Foxconn are both bad. And trump clearly supports Foxconn.

Do you live in Wisconsin? How is the Foxconn deal effecting you? What exactly pisses you off about that deal? Trying to understand your point.

The point is that it isn’t capitalism. It is the government picking winners and losers. It’s a huge waste of tax dollars. It’s not just WI, repubs are doing this all over the country. You don’t understand the dangers of gov picking winners and losers?