The Hill Opinion: Crony capitalism is just socialism lite (A better definition is fascism “lite,” but fascism IS a form of socialism)

Socialism is neo-feudalism, state feudalism, which benefits a crony class, a nomenklatura. This was the way in the Soviet Union, is the way in “capitalist” China, and it is the way in many of America’s large cities. Really, the system we have in this country is not ONLY “socialism.” It’s fascism, which is a form of socialism. And it operates for and by the cronies in many respects.

Why do you think people like Lois Lerner and James Clapper get off and still enjoy very healthy taxpayer funded pensions? They are part of the crony class. They are protected by the state. The bigger the state, the bigger the government, the bigger the corruption.

(From The Hill)

Privilege and prosperity of elites side-by-side with unemployment and economic stagnation perfectly describes socialist economies like Cuba and Venezuela. There, government officials and their favored cronies do well while the masses languish. Then-expatriated Soviet historian Michael Voslensky’s 1984 book “Nomenklatura” described the privileged class of party elites in the Soviet Union, who enjoyed lives of relative ease and luxury. He pointed out that every sort of class exploitation Marx and Lenin accused the capitalist system of committing occurred in the Soviet Union, in spades, and was committed by communist leaders. Though not measured because of how Soviet elites received their rewards, and fake numbers, Soviet elites’ exploitation of their countrymen resulted in income inequality much worse than occurred, then or now, in the West…

…These sorts of deals are being made constantly. Arizona established a deal-making fund partly to mimic Texas’ example. Oklahoma City recently offered Amazon $1 million from city-issued bond proceeds. Cabela’s and Bass Pro Shops, even before they merged, had a policy of never locating anywhere that failed to offer cash upfront or extended tax breaks. While a national chain like Olive Garden might get access to the public purse or is allowed to contribute less to it, mom and pop Italian restaurants get left out in the cold. Small competitors rarely, if ever, get the special deals from local governments that rich national chains get all the time. Examples of these deals from throughout the nation could regularly fill a daily newspaper.

They do.

Click here for the article.