The Anti-Crony Capitalist Groundswell

We have two establishment candidates for president, but the anti-establishment, anti-Crony Capitalist groundswell still continues.

Oliver Stone has just come out with a short history of the US since 1900 which he co-authored. He calls it a “liberal, progressive” account in a “Howard Zinn” style. But he also takes some hard  swings at President Obama in THIS INTERVIEW published on Politico.

In fact, earlier this year, Stone was quoted as supporting Ron Paul for president:

“In fact, I think in many ways the most interesting candidate—I’d even vote for him if he was running against Obama—is Ron Paul. Because he’s the only one of anybody who’s saying anything intelligent about the future of the world.” (1/12/12 Rock Cellar Magazine interview)

What is going on here? Does Stone really want to vote for a Republican presidential candidate? Are progressives and libertarians the same thing?

Well, no, they aren’t the same thing at all. One wants a bigger government, the other a much smaller government. But what is notable is that progressives and libertarians are teaming up to take on a national establishment that they regard as increasingly corrupt. What they don’t like is crony capitalism and they see crony capitalism wherever they look, whether in the Democratic or Republican Parties.

These critics of the establishment are populist and they don’t like institutions like the Federal Reserve which make crucial decisions in complete secrecy, with no voter say about what they are doing, especially when those decisions seem to favor the crony capitalist class and not the average person, much less the poor.

The alliance between left and right populists may not hold up over the long run, but for now it seems to be a positive force. It seems to be getting the attention of establishment media, politicians, corporate CEOs, labor leaders, rich lawyers, and everyone else doing well while the rest of America slips further and further into debt.

Oliver Stone is of course only one example of the convergence of left and right populists. HERE IS AN INTERVIEW with Camille Paglia in which you see similar thoughts.