Crony Capitalism

I had a post all written about this topic, but wasn’t at all satisfied with what I wrote. I am therefore going to refer to a link to an article by John Stossel about what he calls “Crony Capitalism.”




This is about the best explanation for what is going on in our country at present and why although many people think of Barack Obama as a socialist, he is nothing of the kind.

The government makes a show of “reining in Wall Street, “ when in fact Wall Street helped get the present administration elected.

If we are ever going to turn this country around we need to understand that “big government,” and “big business,” go hand in hand. They are in bed together and they are making some serious whoopee!

In this unholy alliance between the Federal government and large multinational corporations (which are now considered living beings) small business ends up getting the shaft!

“Big business” is NOT about free enterprise or free market capitalism. Like “big government,” it is about corruption, fraud, and cronyism.

That’s why “what’s good for GM, isn’t necessarily “good for America!”

Crony capitalism is about the cutest con going, because government makes a show about standing up to big business with new regulations, but those regulations rather than being restrictions on big business, actually tilt the playing field in favor of large corporations and against their competition.

Oh, and that reminds me….big business HATES competition. Besides it’s so much easier to bribe your way to profitability than to actually earn it. So the next time you hear some “conservative” talk show host spouting off about how new government regulations will hamstring American business, remember that some business interests are benefiting from these regulations, and others are not.

Many large corporations actually want these regulations because they create favorable situations in which these companies can gain monopolistic advantage and get more market share.