Of Cronies and Crone...

polifrog




Chrystia Freeland:

But there was a common thread to the uprisings and a common reason why the elites were taken by surprise. The unifying complaint is crony capitalism.

and concludes:

But most of today’s troubled market democracies don’t need a revolution to sweep away their cronies. What they do need is a new version of capitalism, designed for the 21st century. That is what the world’s protesters, in their different ways, are all asking for. Here’s hoping that 2012 provides some politicians with some answers.

So, all the protestors were wrong in protesting crony capitalism and keeping the cronies around is just fine so as long as they swept under the wing of ever larger governance...

That makes you yourself a crony, ma'am... or a crone.

What we need is the limited governance of the past that offered less graft on which crony capitalism thrives. What we need is capitalism.





out