Crony capitalism is not free market capitalism

Started Jan 27, 2013 | Discussions thread
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Airless
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Crony capitalism is not free market capitalism
Jan 27, 2013

I love how all these Republicans and tea party activists claim to support free market ideology when it couldn't be further from the truth. A truly free market can never exist in a statist paradigm where a central bank run by government-appointed oligarchs has seized monopoly control of the money supply and interest rates. A free market can never exist when a government has monopoly power over not just the currency but also the regulatory industry, which promotes collusion, bribery, secret handshake details, cronyism, and other such forms of conniving that would never be profitable in a truly free market.

Anyone who is true proponent of the free market should really be an anarchist, but at a bare bones minimum they must at least be calling for the abolition of the federal reserve as an absolute top priority. Fiat currency and artificial interest rates rig the entire economy in favor of those with political clout to such a massive degree that any individual fiscal policy like cap and trade or corporate taxes is a tiny drop in the bucket by comparison, yet those type of issues are all the so-called free market advocates want to talk about.

Most of the rank and file are probably just too brainwashed by statist dogma to know any better, but the politicians and leaders of these groups like Americans for Prosperity are the real culprits, because they're lying through their teeth about their real motivations and covering it up with this free market rhetoric. All they really care about is funneling all the money and power towards themselves and their big business cronies who bankroll their political careers.

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