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View Full Version : Similarities between crony capitalism and free market capitalism



NewLeft
21st August 2011, 00:25
Does anyone have any good resources that link crony capitalism and free market capitalism through critic on power structures etc..?

Sensible Socialist
21st August 2011, 00:38
Crony capitalism is the result of any form of capitalism. As power and wealth are concentrated into the hands of the few (as certain businesses use their success and clout to stop the growth of others), that power is used to corrupt those in charge of the legislative process. It is this concentration of power in the hands of those that possess capital that causes "crony capitalism" to occur.