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The concept that America is not substantially a crony capitalist economy is at present untenable. There are too many examples otherwise. And if people don't see
by InclinedPlane 9y ago
The concept that America is not substantially a crony capitalist economy is at present untenable. There are too many examples otherwise. And if people don't see this development as a primary threat against every principle the US was founded on they are either not paying attention or deluding themselves.
- PeterStuer 9y agoAt the risk of sounding pedantic: how do you prevent a capitalist economy, an inherent cumulative system that in practice can not be separated from the meta-system that regulates it, from turning into cronyism?
- InclinedPlane 9y agoI suspect you're looking for some sort of iron clad algorithmic solution that is good for all cases, that's not how it works. The answer is the same as always: eternal vigilance. An educated and engaged electorate. A functional media. And the ability of the government to course correct as necessary. Institutions that feel they are accountable to the will of the electorate. There are, of course, many examples of this not working, but there are examples of it working as well (trust busting around the turn of the 20th century, the breakup of ma-bell, etc.)