Your entire analysis is spot on ChessExpert…and "crony socialism" is exactly what it should be called. Those are cronyists and socialists denigrating capitalism and the freedom of the individual. They have cleverly amplified that lie and repeated that meme. I cringe whenever anyone on the supposed "right" utters the phrase. They are either ignorant - just mindlessly repeating a marxist meme, or are crony socialists themselves.
HOORAY Chess Expert
Crony socialists ALERT
“crony socialism” is exactly what it should be called
Thanks for the kind words, but I’m sure someone else came up with that term. Now it is ours!
You may have heard the expression “consumer sovereignty.” The consumer is king in a free market. What the consumer wants (and is willing to pay for), the market will provide if possible.
But what happens when the traditional sovereign, the government reasserts its power? Then it’s the government that business had better well please.
Government reasserts its power under socialism. Crony socialism is the result.
A few years ago the Democrats were on the warpath threatening price controls for pharmaceutical drugs. That would be a boon for generics, but spelled the end for companies that develop new drugs.
The pharmaceuticals (patent drugs) compete with the supplement industry. Supplement makers have periodically sounded the alarm in recent years at attempts to drive them out of bushiness by Senate bills from the likes of Reid and Durban. It seems that the Democrats are now best friends with the once hated pharmaceuticals.
What happened? I have long suspected payola. I recently received another alert of impending doom from supplement makers. They note that Hillary Clinton is the top political recipient of pharmaceutical dollars.
The pharmaceuticals once faced the possibility of destruction at the hand of the Democrats. Now, it’s their direct competitors that may be destroyed. These days you have to have friends in Washington. No wonder we have crony socialism.