Class Warfare for Republicans. “No one expects the Republicans to turn socialist, but they can reap benefits from anger over the crony capitalism that has become emblematic of the Obama era. Wall Street and its more popular West Coast counterparts, the venture capital ‘community,’ consistently game the political system and, usually, succeed.” Not to mention the Hollyweirds. Crony capitalism is not capitalism, its nearest kin is more likely fascism than anything else.
This post was last modified on April 29, 2013


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This is a very important point.
Good point Kip and not very many on our side seem to be beating that point home.
They are in the blogs and in Austrian circles but the political class is too timid to call crony capitalism what it is. Fascism is hard to define in a pithy sound bite friendly way so most pols are afraid of being abused by the media if they were to go down that road.