3 ms·
Blaming "crony" capitalism implies the issue is too much regulation, not too little. Since I'm asserting that most of the issues stem from the period of deregul
by LordDragonfang 5y ago
Blaming "crony" capitalism implies the issue is too much regulation, not too little. Since I'm asserting that most of the issues stem from the period of deregulation following Reagan, that's clearly at very different conclusion.
Short-sighted pursuit of profit is a failure mode inherent in capitalism in general, no cronyism required.