LOL. Call it what you wish. Capitalism worked but only when the investors and especially senior management were put at risk, as it should be, and especially if their management was incompetent. A CEO who fails should get nothing. Today they get another $20 million. For starters why does a CEO even get a labor contract? http://www.theamericanconservative.com/dreher/u-s-capitalism-rewards-failure/
It is crony capitalism that puts taxpayers at risk because the perps are able buy out our officials. The Party that will inevitably win over independents will convince the public that they are most ethical, most fair, and that hold themselves and others most accountable.
I don’t trust unions, but neither do I trust the globalists. They have already proven they will sell out America for more Commie Yuan. The CEOS of today are rewarded with contracts that immunize and protect them from failure. The tact of even more mergers only reduces competition instead of serving to reward risk and capitalism.
Our once efficient economic model of risk/reward and capitalism has been eroded by the crony capitalists that own our officials and put taxpayers as their backstop. The Tea Party fully understands the GOP E is putting conservatism at risk by supporting crony capitalism.
Only time will tell how this washes out.
Fair enough, but if you use the term “landed gentry” I’ll be all over you like white on rice.
;^)
(BTW, I can’t stand the term “Crony Capitalism” because it isn’t capitalism, it was coined by those who hate it.)
heck of a post. And 100% correct.
I guess I’m a red too. Like I care. I’m racist, intolerant, hateful, anti-free market - add whatever label needed by those terrified of truth.