America Has Replaced Capitalism with Cronyism
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Re: America Has Replaced Capitalism with Cronyism
#2Re: America Has Replaced Capitalism with Cronyism
#3(2020). I don't see a full date on the article (we can probably blame SEO for that), but archive.org says it's from April 14, 2020.
Re: America Has Replaced Capitalism with Cronyism
#4An honest look at modern history makes it hard, in my view, to identify this halcyon era of capitalism where "cronyism" did not run rampant.
Re: America Has Replaced Capitalism with Cronyism
#5It's the same thing.
Re: America Has Replaced Capitalism with Cronyism
#6An honest look at modern history makes it hard, in my view, to identify this halcyon era of capitalism where "cronyism" did not run rampant.
Some lessons can be learned once, others need to be learned continuously.
Re: America Has Replaced Capitalism with Cronyism
#7This was capitalism, a beacon of hope for people who are smart, hardworking, and comfortable with risk, promising a greater share of the spoils to them than to those who are not.
Wrong. That’s not what capitalism is or means. Capitalism is an economic system in which private investors run the economy in search of personal profit, while those who lack capital rely on wage labor to survive. You can debate whether this is a good or moral system, but it’s important to get terminology right.
Re: America Has Replaced Capitalism with Cronyism
#8"Cronyism" is the long-term result of capitalism. It will always result in this type of corruption, it's the nature of an economic system that rewards greed.
Cronyism is just another way to say "Late Stage Capitalism."
Re: America Has Replaced Capitalism with Cronyism
#9This was capitalism, a beacon of hope for people who are smart, hardworking, and comfortable with risk, promising a greater share of the spoils to them than to those who are not. Wrong. That’s not what capitalism is or means. Capitalism is an economic system in which private investors run the economy in search of personal profit, while those who lack capital rely on wage labor to survive. You can debate whether this…
Right, and most people mean “market-based economy”
Re: America Has Replaced Capitalism with Cronyism
#10As an American I charge by the hour to service commercial and residential properties. My clients are mostly quite happy with my service. How is it that this is "cryonyism"?