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Posted: 10/28/2013 5:40:09 AM EST


Link Posted: 10/28/2013 5:40:53 AM EST
Link Posted: 10/28/2013 5:43:08 AM EST
The problem is crony capitalism where bailouts and too-big-to-fail policies take the RISK out of capitalism and the government favors some businesses over others. Heavy regulations make it almost impossible for competition to arise.
Link Posted: 10/28/2013 5:46:06 AM EST
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Originally Posted By Visionary:
The problem is crony capitalism where bailouts and too-big-to-fail policies take the RISK out of capitalism and the government favors some businesses over others. Heavy regulations make it almost impossible for competition to arise.
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So, crony capitalism is actually the fault of the democrats? Huh.
Link Posted: 10/28/2013 5:50:25 AM EST
capitalism sucks, except if it is crony capitalism done by the ruling elite.
Link Posted: 10/28/2013 5:54:09 AM EST
If I had a dollar for every Arfcommer who blamed capitalism for whatever economic problems they perceived. It never ceases to amaze me how many here claim to be conservative/libertarian/whatever, and then vomit Marx all over us.
Link Posted: 10/28/2013 5:57:00 AM EST
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Originally Posted By BlammO:
If I had a dollar for every Arfcommer who blamed capitalism for whatever economic problems they perceived. It never ceases to amaze me how many here claim to be conservative/libertarian/whatever, and then vomit Marx all over us.
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You definitely need to be readjusted, you will be contacted with a time to report to the FEMA camp.
Link Posted: 10/28/2013 6:02:07 AM EST
[Last Edit: 10/28/2013 6:02:38 AM EST by Shane333]
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Originally Posted By Visionary:
The problem is crony capitalism where bailouts and too-big-to-fail policies take the RISK out of capitalism and the government favors some businesses over others. Heavy regulations make it almost impossible for competition to arise.
View Quote



True, it is important to help people understand the difference between free market capitalism and crony capitalism.

For example: The housing/financial market collapse a few years back wasn't the result of failed free market capitalism, but rather the result of the government incentivizing banks to give loans to unqualified people. Before some of the laws passed back in 1994, banks had been more careful about giving out mortgage loans. Government involvement directly encouraged risky loans resulting in a housing bubble and the market crash that followed. Had the government left the market alone back in 1994, it is unlikely that we'd have experienced any housing or financial market crash the way we did.
Link Posted: 10/28/2013 6:03:32 AM EST
Link Posted: 10/28/2013 6:06:50 AM EST
The problem is not free market capitalism.

The problem is semi-free market capitalism. Big businesses are often able to play the political game and get perks from the government which stifle competition. These perks include subsidies, tariffs, increased environmental regulation (when you have the technology to survive it but your competitors don't), bail outs, etc.

Government, in its attempt to "fix" the free market, has opened the floodgates to this type of corruption. It is the fault of bad government.
Link Posted: 10/28/2013 6:09:04 AM EST
It helps to define capitalism first. It is not what most people think it is.
Link Posted: 10/28/2013 6:09:59 AM EST
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Originally Posted By Couch-Commando:
The problem is not free market capitalism.

The problem is semi-free market capitalism. Big businesses are often able to play the political game and get perks from the government which stifle competition. These perks include subsidies, tariffs, increased environmental regulation (when you have the technology to survive it but your competitors don't), bail outs, etc.

Government, in its attempt to "fix" the free market, has opened the floodgates to this type of corruption. It is the fault of bad government.
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Damn, you obviously don't understand that the economy is best left to the geniuses assigned to run it. Government knows best. Don't you forget it.
Link Posted: 10/28/2013 10:06:15 AM EST
"Crony capitalism" is perjorative of true capitalism. Let's call it what it is; oligarchism.
Link Posted: 10/28/2013 2:08:31 PM EST
Like the tshirt picture in op.

For all who are interested may I suggest

Capitalism: The Unkown Ideal
By Ayn Rand
Link Posted: 10/28/2013 2:24:44 PM EST
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Originally Posted By efpeter:



So, crony capitalism is actually the fault of the democrats? Huh.
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Originally Posted By efpeter:
Originally Posted By Visionary:
The problem is crony capitalism where bailouts and too-big-to-fail policies take the RISK out of capitalism and the government favors some businesses over others. Heavy regulations make it almost impossible for competition to arise.



So, crony capitalism is actually the fault of the democrats? Huh.


It's the fault of corrupt members of both parties and the businesses with the means to buy their favor.

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