Crony capitalism

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Crony capitalism is a federally funded left-leaning economic system which is more like an oligopoly than free enterprise. In crony capitalism, investments are not based on morality or true free enterprise. Often in crony capitalism the big government (see socialism fascism) picks winners and losers through the use of grants, contracts, loan guarantees, regulations, bailouts and other ways of extending favors to elitist friends or banksters while penalizing competitors.

Quotes

  • "Paper money eventually returns to its intrinsic value --- zero." Voltaire (1694-1778) -- The same could be said for Crypto-currency.
  • "The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite." - Thomas Jefferson

See Also

External Links