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Crony Capitalism in America by Hunter Lewis
Crony Capitalism in America by Hunter Lewis









And he refers to Trump supporters as a “mob.” This choice of word in particular betrays him for what he is: an elitist, the opposite of a populist. Linker like other members of the crony capitalist system wants voters to listen to so-called experts, most of whom are of course well rewarded by the system. This is a familiar theme today from many advocates of more and more government control of the economy and of our lives. He also suggests that the way to help the poor and middle class is not to tear down the crony capitalist system, but to share a bit more of the spoils with them. In the article below, Damon Linker not only defines “right wing populism” as Trumpism. This is the essence of crony capitalism, not populism. When asked why he had praised the Clintons in the past, before bashing them now, he replied that as a successful businessman he had sought to befriend all politicians, because they controlled his fate as a real estate developer. Since most government officials are closely allied with special interests, this leaves out most government officials.ĭonald Trump is clearly not a populist. By definition, a populist is someone who is not working on behalf himself or herself or other special interests. Billionaire wealth from crony sectors amounts to 19 of gdp.The consequences of the war in Ukraine are clear. My definition of a populist is someone who wants what is best for the poor, the middle class, and ultimately all Americans ( the Latin root of the word means the people). Russia is, once again, the most crony-capitalist country in our index (see chart 2). I hope they don’t get away with it this time. Now advocates of more government control over the economy want to redefine populism as Trumpism. This was in complete contradiction to what the word had meant for centuries, as defined by people like Jefferson: less government control of the economy. Franklin Roosevelt infamously redefined the meaning of the word liberalism in the 1930s to mean more and more government control of the economy.











Crony Capitalism in America by Hunter Lewis