Enron, of course, is exactly the kind of corporation which could not exist in pure capitalism. As a creature, in effect, of politicians, it was deliberately converted from a small pipeline company into an international conglomerate by conniving scoundrels who designed it from the beginning to use the power of their politician-friends to give it government contracts, subsidies, monopoly powers, and favorable regulations to force prospective customers to do business with them, essentially at gunpoint. Obviously, this is fascism, not capitalism, and what you get more and more of when you work to transform what was once the rule of clear-cut law into the rule of men (especially agenda-driving, nuance-inventing judges and lawyers).more Rick Gaber quotes
Far from trying to rig the system, I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs -- even when we benefit from them. I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.more Charles Koch quotes
Government spending on business only aggravates the problem. Too many business have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations and tariffs to keep more efficient competitors at bay. Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.more Charles Koch quotes
The taking of money (taxes) from some people who work for it and giving it to others who don't work for it. On a grand scale.
The vast expansion of freebies doled out by central government. In order to create and sustain dependence.
The government protection of favored persons and corporations, permitting them and aiding them to expand their fortunes without limit, regardless of what crimes they commit in the process. (Monsanto would be a fine example.)
The squeezing out of those who would compete with the favored persons and corporations.
The dictatorship by and for the very wealthy, pretending to be the servant of the masses.
The lie that the dictatorship is being run by the masses.
The gradual lowering of the standard of living for the overwhelming number of people.
The propaganda claiming socialism is the path to a better world for all.
In other words, socialism is a protection racket and a long con and a heartless system of elite control, posing as the greatest good.
It is just another form of top-down tyranny---as old as the hills.more Jon Rappoport quotes
The surest way to ruin a promising career in economics, whether professional or academic, is to venture into the 'cranks and crackpots' world of suggestions for reform of the financial system.more Michael Rowbotham quotes
Cronyism Quotes 1-5 out of 5