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No argument that he is a Capitalist that likes money. Just emphasizing that he is a special type of Capitalist who is willing to engage closely with government
by em3rgent0rdr 10y ago
No argument that he is a Capitalist that likes money. Just emphasizing that he is a special type of Capitalist who is willing to engage closely with government to obtain benefits. The fact that other businesses in his industry may also obtain these benefits he lobbied for is in fact on the spectrum of cronyism in practice:
"Crony capitalism exists along a continuum. In its lightest form, crony capitalism consists of collusion among market players which is officially tolerated or encouraged by the government. While perhaps lightly competing against each other, they will present a unified front (sometimes called a trade association or industry trade group) to the government in requesting subsidies or aid or regulation." https://en.wikipedia.org/wiki/Crony_capitalism https://en.wikipedia.org/wiki/Crony_capitalism
- tankenmate 10y agoActually the push for NASA to use commercial style contracting was started under President Regan (Commercial Space Launch Act of 1984 and followed by further laws under G H W Bush in 1990), while Elon was at Pretoria Boys High School (Transvaal, South Africa); so to say that his lobbying had anything to do with NASA moving to awarding competed fixed price contracts for orbital services rather than using the previous cost plus model of contracting amounts to crony capitalism is entirely wide of the mark and bordering on wholly false. EDIT: fixed grammar