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Fascism is the political manifestation of the period of economic history known as Monopoly Capitalism.
Fascism is one of the most abused and misunderstood terms.
Posted on 09/29/2014 8:16:53 PM PDT by jespasinthru
Last year I took an Ethics class at school. Our professor gave us a lecture about the pros and cons of Capitalism. And at the end of the lecture, he asked us if we could define "crony capitalism". We all drew a blank. We'd all heard the phrase, but we didn't quite understand it. So he broke it down to us in very simplistic terms: "Let's sat that you own a cow. And your neighbor owns one hundred cows. But he's so greedy that he wants your cow, too. So he bribes corrupt politicians to pass laws that will take your cow away from you and give it to him. And those same laws will make it illegal for you to ever own another cow. Soon he will own all the cows, and people will have to come to him to buy their meat, milk and cheese. Thus he controls the people by controlling their food supply. And as far as he is concerned, it's all legal. And he becomes the power behind the throne. That's how crony capitalism works. Back in the Old Days they called it Fascism. But it's the exact same thing."
That works.
Yes, it is fascism and it is a form of totalitarian Leftism, like Communism and Socialism.
The biggest difference is that Communists allow the government to directly do a bad job of production where as Fascists outsource the job of incompetence to the highest bidder.
The whole Solyndra fiasco is probably another example.
fascism is not the same thing.
fascism is socialism with a capitalist veneer. govt controls private business via regulation/laws, but any negatives have to be dealt with by the company, personally. under fascism govt runs the companies it wants, gets rid of companies it wants, by “legal”’means. crony capitalism is the same way but is an unofficial policy the way govt does things, rather than overt, official govt policy.
Crony Capitalism: Using Political Connections to help write Laws and/or Regulations that negatively affect your competition in order to corner the market.
The liberals on the Supremacist Court did that when they decreed that a state could do that to your land (force your sale at their determined price to a private interest because of the possibility of greater profit and thus better tax returns to the State).
Excellent post. Regulations passed by politicians for influential constituents are contributing to worsening artificial scarcity. There are more than enough materials for everyone, but those materials are forbidden by regulations, even to landowners (e.g., ore). Another cause of scarcity is that of sending materials used in the U.S.A. to foreign countries manufacturing for influential constituents (e.g., metals for recycling sent to American-”based” manufacturing on foreign soil). There are many other causes.
Most of the needed materials come from the ground under our feet, and there’s no real overpopulation problem. Some folks simply don’t want to see many unstylish, downscale people around them.
Crony capitalism is the corruption of free enterprise by the heavy hand of government.
jes “But it’s the exact same thing.”
Tools change, objective remains unchanged.
Thanks, R.
Sounds more like feudalism.
[Sounds more like feudalism. ]
Communism/ fascism/ Scoialism is nothign more than a fancy label and justification on Feudalism...
This is why I call communists/socialists “Neo-Feudalists”
They even have bloodlines, look at the Clintons, the Bushes the Kennedys, the Roosevelts...
fascism and crony capitalism are not the same thing.
> Crony Capitalism: Using Political Connections to help write Laws and/or Regulations that negatively affect your competition in order to corner the market.
Is it like passing a law that requires you to buy insurance from the government that doesn’t really pay any benefits until you’ve emptied your own pockets of $14,000 and being forced to pay a penalty if you don’t buy it?
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Fascism is the political manifestation of the period of economic history known as Monopoly Capitalism.
Fascism is one of the most abused and misunderstood terms.
I'm pretty sure that Crony Capitalism isn't Capitalism, and it isn't Fascism. It's actually Mercantilism - the system that existed prior to Adam Smith's "invention" of Capitalism in 1776.
Under Mercantilism, the government issues monopolistic charters to cronies, but doesn't dictate how or where they can do business.
Under Fascism, the government simply dictates to existing businesses, certain aspects; such as what products they can produce and who their customers might be.
Many on the left try to falsely paint "Crony Capitalism" as being controlled by the Capitalists. That would be Oligarchy. Even in a place like Russia, where people actually refer to wealthy individuals as Oligarchs, the government still has the upper hand. Putin proved that to some of the Oligarchs who tried to exert political pressure. They are either exiled or in prison.
Do you choose to live in the ghetto or do you choose to live in a leafy suburban neighborhood? How many unstylish, downscale people do you entertain in your home?
The test of overpopulation has to do with quality is much as quantity. The test of overpopulation has to do with my lifestyle and my right to it as much as politics. If I cannot get to my destination because traffic jams are chronic with people who may or may not be unstylish and downscale competing with the for the same road space, parking space, green spaces, I have a population problem if you do not.
The population of the United States has more than doubled in my lifetime, to what benefit? If one cares about the Bill of Rights one must admit that doubling the population has worked toward halving our constitutional rights. The test of overpopulation is not just mineral extraction, not just new technologies in agriculture, it is the quality of life and liberty.
Those conservatives who see the dangers from overpopulation are not benighted Malthausians. Until we conservatives get past this idea that we need a population explosion to pay for Social Security, until we conservatives get past this notion that it is somehow anti-Christian to practice birth control, until we become clear thinking enough to distinguish between birth control and abortion, we will continue to see our liberties and our lifestyles ebb.
AN EXCELLENT DESCRIPTION!!!!!
I’ve never heard it put in a more precise way.
Absolutely correct. “Crony capitalism” is a leftist term propagated by the media in order to disparage capitalism itself, i.e., they want to associate capitalism w/corruption.
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