Say No To Crony Capitalism

This beast 'vacuum sucks' the whole money and takes it to the 1% ruling class. It is the excellent fertile ground that grows the fungi we call 'the cabal'. Remove it, and you killed the dragon. Unfortunately, what people calls it 'capitalism' is actually 'crony capitalism', and then what they call it 'socialism' is still 'crony capitalism' and finaly, what they call it 'communism' is yet another 'crony capitalism'. So this 'crony capitalism' is a chameleon that is hard to notice! It comes in many names.

Crony capitalism is defined as 'the use of government to persue one's business interests'. When a member of parliament, a president, a cabinet minister etc also has a family or friends with big businesses, he contributes in awarding government tenders to his own family and/or cronies . So he is both a referee and a player all at once! He can't bargain for those who elected them because he wants to maximize profits for his families and cronies. So the public debt can only increase in a nation! We have poor people feeding the tycoons! This is one example of crony capitalism.

The other example is more subtle, but no less cronier. The president 'makes a deal' with his voters. He says 'I will bring back factory jobs to your town'. When he becomes the president, he imposses tariffs on imported goods. He creats a boom for certain businesses. This is crony capitalism, but here, the president's cronies are his political fan base, and perharps factory owners! In capitalism, the government stays away from businesses. It doesn't manipulate taxes, tender awards, tariffs, bailouts etc. The government does not creat, kill, protect, or bring jobs. This task is fully dedicated to individuals. It is the duty of individuals to creat jobs for themselves by erecting appropriate businesses, not the duty of the government. Capitalism does not create tycoons or giant businesses. It doesn't creat large scale farming where a few owns all the land and the rest are forced to slave for wages in the rich man's business. Crony capitalism does that. Pure capitalism only creats myriads of small, competing businesses. Crony capitalism directly took over from feudalism.

Another example of crony capitalism comes in the guise of 'helping the poor'. Unfortunately, they erroneously call this 'socialism', but it is crony capitalism.   A president promises to bring in 'free education', 'free health care', 'free salaries' and what have you! The cronies are now his political fan base who wants to get free things. So they vote for the president. The other cronies, of course are the business orchestrating these handouts. It should rather be the duty of individuals, not the government, to help themselves. The government uses force, and not true charity. Why not just help someone directly and short circuit the pipe line that heads to the corrupt guys there? If there was no crony capitalism that creats ten millionaires and ten million beggers, there will be no need for charity. So kill the right beast: the crony capitalism.

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  • Yes, I can see it. It is very interesting and evidence based. I like the way he shows leaders with fancy ways of shaking hands etc. However, I am yet to finish viewing it.
  • In Japan, there is something called 'negative interest rate'. Did you get this one very well?? It means that if you want to make profits, all you need to do is to take a loan and then pay it back, without doing anything else! Of course they manipulate this to favour tycoons. When they suspect that the many tycoons who took loans to run businesses cannot make profits, they change the rules of the game. It is normally the case that the loan is paid back with interest on top. Now the rule is that the one who took the loan is the one to be paid!! You pay for giving someone something instead of the other way round! This idiotic practise is being considered by other countries!!
  • In UK, when the salivating tycoons thought that there are lots of money in railway, they privatized. They fooled the citizens very cheaply: 'we want to increase the competitiveness in the rail transportation'. Thats was very funny! A raiway line can only carry one train and so two trains can never compete without crushing!!

    Of course when they made huge losses in the business, they nationalized it, rather than simply shutting down the businesses, as capitalism demands! In effect, they are saying that in UK, we take profits to private, few tycoons but let the public take care of losses, and every other loss making business neaded by the tycoon! It is essentialy a 'tycoon wellfare' socialist, selling itself as a capitalist!!
  • Now in USA the government take loan to fund aircraft carriers, raptors, nukes, spaceships, wars etc. The loan is paid back with interests, of course! How ridiculous!!! While the chameleon is comming in as a 'capitalist' the government 'stays away from businesses', and so it owns no capital for the sake of 'making profits'. But to creat booming businesses for the tycoons making tomohauk missiles etc, the chameleon now comes in like the usual business man. He takes the loan as usual, to repay it back with interest!

    Now pose an wonder: how will the government repay the loan with interest on top of it, without engaging in any profit-generating project? (Having privatized all profit-generting businesses). Of course there is no way!! Government loans, in such a system, can never be repaid!! The wars did not return anything to the revenue, let alone a return PLUS the profit. Neither did the journey to moon or jupiter or whatever. Debt can only increase, till it collapses the system!
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