How do you know that crony-capitalism isnt a part of capitalism?
Perhaps it is the natural outcome of a capitalistic system.
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How do you know that crony-capitalism isnt a part of capitalism?
Perhaps it is the natural outcome of a capitalistic system.
No it's an outcome of all systems that are centralized. Capitalism is just an excuse or perhaps a mask for these Monopolists (that is what they really are) to seize total power.
So they mix their Violent Monopoly Businesses with innocent Mom & Pops Stores and call it Capitalism. I think a distinction has to be made.
Didnt most of the monopolies/major corps you allude to start as mom and pops before they started eating up everyone around them.
WalMart, Home Depot, HP, Google, hell even AT&T......
So who created the excuse or mask for the monopolies if they didnt start out as that?
Yes but they would not have grown to that size if there would have been proper competition between them.
They either got in bed with the political class or they were connected before that. If you really do your research, you can easily see how most of these elite people are connected. Your uncle is a bureaucrat at X office, your grandpa is a politician at Z office and your cousin is a bureaucrat at Y office, how hard it is for you to become successful now?