Tag Archives: crony capitalism

1 of 101 Truths You Were Never Taught

What large corporations discovered long ago was that the policing power of the state provides the missing link in maintaining their monopolies by using government to remove their pesky competition in the free market. So it is no surprise that these same large corporations endeavor at every opportunity to strengthen the hand of their government partner; whether you call it Socialism, Marxism or Communism or anything else does not matter. What matters is that the power of the state is ‘collectivized’ to capture the market consisting of the captured citizens. Of course the heads of these corporations are citizens too but most consider themselves citizens of the world without nationality and owe no allegiance to any country. The lack of prosecutions of blatantly illegal acts by these same ‘World Citizens’ represents empirical evidence that these ‘elites’ are truly above the laws that apply to everyone else. Thus, through collectivism of the populous and their close partnership with Government, we have today not free market capitalism but corporatism or crony capitalism or as Benito Mussolini called it Fascism.

“Competition is a sin.” – John D. Rockefeller

Interesting Labor Day thoughts from PCR:

 Paul Craig Roberts

Labor’s Demise Is America’s Demise
Thoughts for Labor Day by Paul Craig Roberts

The labor unions provided the Democratic Party with a financial base in labor that served as a countervailing power to the Republican base in manufacturing and finance.

Whether it was a plot or unintended consequence, jobs offshoring wrecked the industrial and manufacturing unions and destroyed the Democrats’ independent financial base.

The two-party system that had maintained a reasonable balance was transformed into a one-party system in which both parties were dependent on the same monied interests and thus answered to the same masters.

http://www.paulcraigroberts.org/2014/08/31/labors-demise-americas-demise-paul-craig-roberts/

Slavoj Žižek on Jaws, Fascism (The Pervert’s Guide to Ideology)

Slavoj Žižek on Jaws, Fascism (The Pervert’s Guide to Ideology) –  Interesting and worth a view but uses a generic, generally accepted but incorrect working definition of capitalism which munges crony capitalism, corporatism and fascism together; Slavoj is unaware –as most are– of the benefits free-market capitalism provides.  Free-market capitalism like a flowing river is in fact a force of nature and operates everywhere, all the time when the individual is free to choose and should not be encumbered but promoted. Free-market capitalism is the engine of creativity which harnesses the entrepreneurial spirit of man’s quest for individualization, creativity and self-realization which as it turns out is the greatest benefit for all of mankind. Collectivism however –in all its names– is in reality totalitarianism or statism, which leads the collective into slavery since individual right must by necessity become subservient to the state or the elite which are both functionally for the individual who is subject to these prevailing power structures one in the same.

What Capitalism is not

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by DAVID BROWN | CLEARNFO.com | August 22, 2014

Just a reminder … capitalism is NOT crony capitalism or corporatism. Crony capitalism and corporatism are in fact a form of fascism not capitalism.  For capitalism to operate effectively, there must be free markets. When corporations cozy up to the government to get special favors or pass laws to limit their competition, you have a merger of corporations and the state which is fascism. Even though central banks are corporations and privately held, they have achieved the ultimate merger with the state. They have inserted a straw directly into the blood of their host and can drink freely engorging themselves while the body suffers.