Difference between revisions of "Crony Capitalism"
From Critiques Of Libertarianism
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{{DES | des = Capitalist corruption of government for private gain. Sometimes mislabelled [[Corporatism]]. Libertarians use this term to describe any government/capitalist relationship they do not like and to excuse bad behavior by capitalists. But all capitalism is fundamentally crony capitalism because government favors owners with systems of property. Corporations, with their special privileges, are an especially clear example. Crony Capitalism is one type of [[Privatization of Power]], and is practiced by the major funders of libertarianism.| show=}} | {{DES | des = Capitalist corruption of government for private gain. Sometimes mislabelled [[Corporatism]]. Libertarians use this term to describe any government/capitalist relationship they do not like and to excuse bad behavior by capitalists. But all capitalism is fundamentally crony capitalism because government favors owners with systems of property. Corporations, with their special privileges, are an especially clear example. Crony Capitalism is one type of [[Privatization of Power]], and is practiced by the major funders of libertarianism.| show=}} | ||
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| + | Crony capitalism is at the heart of libertarianism: the vast wealth of [[Charles and David Koch|the Koch brothers]] which has funded and directed libertarian influence is based on the crony capitalism of the highly subsidized petroleum industry (and many other extractive and polluting industries.) It is a very common propaganda practice to accuse others of your own crimes, as the Kochs do through the [[Kochtopus]]. | ||
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{{List|title=Crony Capitalism|links=true}} | {{List|title=Crony Capitalism|links=true}} | ||
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