RealClearMarkets - Exactly What Is Crony Capitalism, Anyway?

President Obama, progressive politicians, Occupy protestors, and leftist intellectuals are having a field day attacking what they call the failu...

Callesen58

21/12/2011

President Obama, progressive politicians, Occupy protestors, and leftist intellectuals are having a field day attacking what they call the failures and excesses of capitalism. They declare wealth to be prima facie evidence of perfidy, making no distinction as to how it was obtained. They preach equality, not just in opportunity but in economic outcome. In their eyes, all members of the 1% are already guilty, so economic justice demands that the rich be heavily taxed, not just to lift others up, but to bring them down.

Some defenders of capitalism draw a sharp distinction between those who obtained their wealth through government favors and those who created their wealth by satisfying willing customers through free exchange. The former are called Crony Capitalists. The latter, interestingly enough, don't have a name. Let's call them Market Capitalists.

Artiklen gør det klart for alle, at staten skal holde sig langt ude af markedet.