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A fine comment on cronyism

Originally published at Quantum Matrix Scribe. Please leave any comments there.

By yours truly, of course:

Newsflash: government does not mitigate the excesses of “capitalism.” What it does it exacerbate the excesses of corporatism. By creating a system where profit depends on political connections and lobbying, by having a government big enough to intervene in the economy and choose winners and losers, you’re creating cronyism.

How do you have cronyism in a (classical) liberal economic system, aka capitalism? You can’t really, because the entire economic system is predicated on fulfilling customers’ needs and providing value to society, not by lobbying and buying elections.

Your legislators are bought and paid for, and not by you. Why progressives willingly continue to be Big Businesses’ useful idiots I will never understand. Quit playing into corporations’ hands by giving them the tools to ban their competition and pad their executive paychecks.

Sauce: http://www.motherjones.com/kevin-drum/2013/10/can-america-survive-parliamentary-norms-presidential-system#comment-1083914729