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To: Evil Slayer

Rush is completely wrong about it not being crony capitalism. It’s a classic example of it. Here’s a slew of definitions of it:

crony capitalism
Definition
An economy that is nominally free-market, but allows for preferential regulation and other favorable government intervention based on personal relationships. In such a system, the false appearance of “pure” capitalism is publicly maintained to preserve the exclusive influence of well-connected individuals.

http://www.businessdictionary.com/definition/crony-capitalism.html

What Does Crony Capitalism Mean?
A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives.

http://www.investopedia.com/terms/c/cronycapitalism.asp#axzz1XsNK6gFC

Crony capitalism is a pejorative term describing an allegedly capitalist economy in which success in business depends on close relationships between businesspeople and government officials. ...
en.wikipedia.org/wiki/Crony_capitalism

Used to describe a capitalist economy in which government or corporate officials and insiders provide lucrative opportunities for their friends and relatives. Term became popular during the Asian Crisis to describe some of the victim countries, but is now often used elsewhere as well.
www-personal.umich.edu/~alandear/glossary/c.html

A form of market economy in which the impersonal links of the market are superceded by personal links based on the relationships of those in government with business-people.
www.palgrave.com/business/white/glossary/glossary.htm

http://www.google.com/search?rlz=1C1TSNH_enUS444US444&sourceid=chrome&ie=UTF-8&q=crony+capitalism+definition#hl=en&rlz=1C1TSNH_enUS444US444&q=crony+capitalism&tbs=dfn:1&tbo=u&sa=X&ei=rd5vTp7ZDo7H0AG2uZ2yCg&ved=0CBsQkQ4&bav=on.2,or.r_gc.r_pw.&fp=e97cfd05dfef89c0&biw=1024&bih=475


60 posted on 09/13/2011 4:00:54 PM PDT by 9YearLurker
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To: 9YearLurker

Palin said the words “pay-for-play”. That is illegal, and if she evidence of Perry’s crime, she should share it with the public instead of making flippant soundbites in her job as a media commentator.


71 posted on 09/13/2011 4:12:38 PM PDT by Carling (DeMint to Obama: I want to read the bill, not listen to talking points off a TelePrompter.)
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