I really like what Libertarian Party Chair Mark Hinkle had to say about OWS and crony capitalism, in a recent press statement:
"It's true that 99% of Americans do not enjoy the special benefits of crony capitalism. Crony capitalism is very different from real capitalism. In crony capitalism, government hands out special favors and protections to politically well-connected businesses.
I would be interested in seeing an OWS reaction to this statement. Can people on the left agree and draw the distinction between actual capitalism and crony capitalism? Can the left agree that corruption is dependent upon crony capitalism, or do they actually like crony capitalism- so long as the winners chosen are ones they favor, such as green business?
"The TARP bailouts, Solyndra, and the military-industrial complex are all facets of crony capitalism.
"Libertarians love free markets and hate crony capitalism.
"Unfortunately, hypocritical Republican politicians have taught a lot of Americans to think that 'free markets' means freedom for government and big business to engage in crony capitalism.
"That's not what free markets are. A free market is where the government leaves businesses alone, does not attempt to pick winners and losers, does not stifle competition, does not hand out corporate welfare, and does not absolve businesses of liability for their actions. Most of our economy today does not resemble a free market at all.
For that matter, can the right see the same distinctions? Can they shed crony capitalism when the chosen winners are military suppliers?
Doug Masson has some similar ponderings today:
It’s always seemed to me that the corporate form should be anathema to Libertarians. It’s a government construct that exists for the purpose of evading personal responsibility.I quite agree. It's interesting to see some libertarians and folks on the right who love all things business, and should equally cherish self-responsibility, overlook the latter in embracing corporations, merely because corporations are business entities. Business in and of itself is not the same thing as free enterprise.
We all have blind spots. These are the days when it would be a great idea to self-examine and find those blind spots, and acknowledge them. We end up with shitty solutions when we're full of shit.