^ THIS! As part of a future MAGA economic agenda we really need to blow the lid of crony capitalism, which is what we have now. No more too big to fail. Banking and financial speculation reform.
"Crony" Capitalism is just a term to equate Crony/Corrupt/Evil with capitalism.
It's a Corporate Oligarchy when an untouchable elite class is in charge of literally everything and has more power than the government by way of writing all the legislation for the government, bribing all the politicians, being part of a protected class of businesses while all others are shut down, and using the government as a private piggy bank when they fuck up.
We agree, I’m completely in favor of capitalism and a true free market, which we no longer have. The corporatist like regulation since it stifles competition and smaller firms cannot pay off the regulators. This has been going on for a long time. It’s no surprise to me that COVID lockdowns were geared towards crushing small business, but sure you can go to Walmart.
There is such thing as deregulatory capture as well. Regulation is neither intrinsically good or bad, it depends on if a particular regulation increases competition or not (but it usually doesn't because politicians are incompetent).
Part of that is the government has to stop picking winners and losers. The government’s own racial equity clusterfuck quest was the real issue behind the 08 crisis. The FHA which was given teeth by Clinton, forced banks to give subprime mortgages.
^ THIS! As part of a future MAGA economic agenda we really need to blow the lid of crony capitalism, which is what we have now. No more too big to fail. Banking and financial speculation reform.
"Crony" Capitalism is just a term to equate Crony/Corrupt/Evil with capitalism.
It's a Corporate Oligarchy when an untouchable elite class is in charge of literally everything and has more power than the government by way of writing all the legislation for the government, bribing all the politicians, being part of a protected class of businesses while all others are shut down, and using the government as a private piggy bank when they fuck up.
We agree, I’m completely in favor of capitalism and a true free market, which we no longer have. The corporatist like regulation since it stifles competition and smaller firms cannot pay off the regulators. This has been going on for a long time. It’s no surprise to me that COVID lockdowns were geared towards crushing small business, but sure you can go to Walmart.
There is such thing as deregulatory capture as well. Regulation is neither intrinsically good or bad, it depends on if a particular regulation increases competition or not (but it usually doesn't because politicians are incompetent).
Pretty much.
The Swamp
Big Business
Big Finance
Government Bureaucrats
Entertainers & Media Pundits
Small handful of “religious” leaders
I always heard my guy Ron Paul saying it. He's no enemy of capitalism however, this is the first I've heard that it is an anti-capitalism term.
Part of that is the government has to stop picking winners and losers. The government’s own racial equity clusterfuck quest was the real issue behind the 08 crisis. The FHA which was given teeth by Clinton, forced banks to give subprime mortgages.