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Although taking advantage of the power of politicians and the state is used to further the interest of capitalists in various occasions (the GP mentioned a few)
by ue_ 9y ago
Although taking advantage of the power of politicians and the state is used to further the interest of capitalists in various occasions (the GP mentioned a few), why exactly is "crony capitalism" not capitalism? From a Marxian perspective, it fulfills all of the requirements for a capitalist mode of production.
And where do people "usually" call this "crony capitalism"? In fact, I tend to see this term only echoed around libertarian (the property kind, not the social kind) corners of the web.
It is also important to remember that natural monopolies can very easily form, and that the tyranny of property ownership isn't much better than the tyranny of the state granting various benefits to property owners. Proudhon in What is Property goes into this and Oscar Wilde talks about it in his essay The Soul of Man Under Socialism.
Why is the crony vs 'not crony' distinction useful, and in what ways would a 'pure' capitalist society alleviate the problems caused by crony capitalism, including but not limited to the difficulty of acquiring sufficient capital to start a business or firm, dealing with anti-competitive behavior arising out of natural monopolies, the destitution and poverty caused by the extremely low cost of labour-power in certain parts of the world?
Please don't feel as though I'm attacking, I want to learn more about your ideas.
- wav-part 9y agohttps://www.reddit.com/r/AskLibertarians/top/?sort=top&t=all&limit=100 https://www.reddit.com/r/AskLibertarians/top/?sort=top&t=all... https://www.reddit.com/r/libertarianbestof/top/?sort=top&t=all&limit=100 https://www.reddit.com/r/libertarianbestof/top/?sort=top&t=a... Check out the sidebars for 10-20 more subreddits specifically dedicated to these topics.
- ue_ 9y agoI've read about new libertarianism, and I don't find it convincing, especially the idea of property rights. I prefer the old libertarianism that was about people, not property.