sashamanda Wrote:
Nov 18, 2012 3:26 PM
There most certainly is such a thing as crony capitalism. Google it. Capitalism is a neutral term referring only to ownership. Crony capitalism occurs when favoritism in the form of tax breaks, government subsidies, and government guarantees supplant the rule of law and the free market ---like what happened with the housing market and the resulting crash. Both political parties practice crony capitalism. The GOP actually just ran a candidate who made and kept a fortune through crony capitalism.