"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).
"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.