Take the ‘Crony’ Out of ‘Crony Capitalism’

When Judge Richard Posner, the prolific conservative intellectual, released his book “A Failure of Capitalism: The Crisis of ’08 and the Descent Into Depression” last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment.

That this verdict was pronounced by someone like Posner, who is associated with the University of Chicago and the free-market law and economics movement, gave moral support to all the politicians who were intent on exploiting the recession (as they exploit all crises) to increase government control of the economy.


Under Obama, crony capitalism again rules the day

In his best-seller “Inside U.S.A.”, the hugely readable journalist John Gunther described America as it was in the last year of World War II. He interviewed hundreds of politicians, businessmen and journalists, but only four men rated a separate chapter — three politicians and Henry J. Kaiser, the California construction magnate who built dams and ships and manufactured concrete and steel and aluminum.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/politics/Under-Obama_-crony-capitalism-again-rules-the-day-84271222.html#ixzz15AQRolkH

Capitalism—Minus the Cronies

The revelation that the American taxpayer is now the World’s Banker of Last Resort, as revealed by the new FinReg bill (yet another assault on real, as opposed to crony capitalism), means Americans must face the disturbing reality that our national sovereignty is being completely undermined. And those undermining it have only one over-riding loyalty: a level of naked self-interest beyond anything the world has ever witnessed.