^ 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.
Ah yes, the "free" market economy where the elites are not allowed to fail.
^ 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.
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.