Crony capitalism is capitalism in the same way fools gold is gold.
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Everyone commenting is looking at capitalism only involving big companies. They don’t get it. For example, capitalism is also the local grocer. He offers a product and if it is something which appeals to the public, they buy it.
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I loved where he states “every time you spend a dollar you’re essentially voting.” I really am hoping croney capitalism is addressed and soon, it is a cancer to our society. Long live the free market.
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All capitalism is crony capitalism. When wealth is concentrated in the hands of a few, they use it secure control of the government. “Real capitalism” is a libertarian textbook fantasy. Moving toward it simply lifts restraints on the powerful.
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Wrong!
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"Not real capitalism!"
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so just get rid of the middle man is what you are suggesting
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So, this is an indictment of most of our government and the oligarchs that run our country?
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This can happen to big private companies also. They buyer can be bought off or bribed.
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