Tim Carney: Republicans are becoming the anti-cronyism party

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We’ll see about this. Politicians like to talk. But Carney is absolutely correct, the issue is front and center with Republican candidates because it is front and center with Republican leaning voters (but certainly not ONLY with Republican leaning voters which is very important.) Many of the GOP candidates have indeed gone on the record as opposing crony capitalism. Others know that their history of supporting cronyism, or engaging in it directly, is a liability. As it should be.

This embrace of the crony capitalist critique is potentially a very important development for the party. Really making an issue of crony capitalism will alienate many big donors.(It already has.) And it will force some donors over to the explicitly big government ranks. (This also is already happening.) It could fundamentally change the political calculus in this country and that would be good for (almost) everyone.

(From The Washington Examiner)

Subsidies, bailouts, tax complexity and protective regulations in general tend to tilt the playing field towards the large and politically connected. When Republicans note this, they risk upsetting some of their friends on K Street and in the boardrooms of those large firms, but they also begin to provide the moral defense for free enterprise. Free enterprise is fair, and it maximizes wealth in the economy. Crony capitalism is immoral, it corrupts both politics and business, and it robs from the rest of the economy to enrich insiders.

It’s worth noting that the first GOP candidate for president to identify crony capitalism as a problem publicly was Ron Paul.

Click here for the article.