Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Jim 0216

>>WTF is “crony capitalism”?

It is a market where government heavily influences who wins and who loses. Ever hear of rent-seeking? It’s in that economics text that you half read. Rent-seeking is the mildest form of crony capitalism. Subsidies, regulations, etc that do not affect all equally are another form it takes. Lobbyists and outright bribes are not crony capitalism in themselves, but the effects of them usually are, in the form of pork barrel projects and the aforementioned subsidies, etc are crony capitalism.

Your textbook economics is nice, but find the explanation of ceteris paribus to really understand just how simplistic they are in an infinitely complex system.


81 posted on 09/15/2017 10:51:29 AM PDT by Bryanw92 (If we had some ham, we could have ham and eggs, if we had some eggs.)
[ Post Reply | Private Reply | To 80 | View Replies ]


To: Bryanw92
where government heavily influences who wins and who loses

That is unconstitutional government corruption.

that economics text

You mean the Keynesian Economics text that the Left has brainwashed you with?

an infinitely complex system

Spoken like a good Marxist who loved calling the free market economy "capitalism". The marketplace may be complex but not beyond comprehension.

The issue here is a relatively simple one. Government regularly violates the Constitution by engaging in bribes and subsidies in the marketplace. The Constitution give the feds no authority to do such. THAT is the problem. Business is doing its job by maximizing their profits and doesn't care where it comes from whether the rogue, illegal federal government or elsewhere.

You espouse Leftist doctrine and are part of the problem rather than part of the solution.

83 posted on 09/15/2017 11:11:09 AM PDT by Jim W N
[ Post Reply | Private Reply | To 81 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson