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re: The Revolving Door Phenomenon
Posted on 3/26/14 at 4:55 am to Sleeping Tiger
Posted on 3/26/14 at 4:55 am to Sleeping Tiger
The Economist just did a big article on crony capitalism and rent seekers a couple of weeks ago. From that and the above graphic, it's hard to tell where our government starts and the corporations end.
2
Posted on 3/26/14 at 5:51 am to TigerPride10
quote:
The Economist just did a big article on crony capitalism and rent seekers a couple of weeks ago
I don't want this thread to be anti capitalist, its intention is to highlight the ugly reality of fascism, which is a serious concern.
That said, I reject the way the term 'crony capitalism' is being used to disassociate this problem from capitalism.
Stalin went in a 180 degree opposite direction from what was prescribed for communism, not to mention issues with foreign armies, famine, civil war, and overall terrible starting point for the system. Yet it's simply called communism, and its understood that human nature makes it an impossible reality.
But when greed and the desire for power disrupt capitalism we call it 'crony' instead of giving it the same critique as we do for communism.
Posted on 3/26/14 at 10:43 am to TigerPride10
Economist link? Thanks
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