Crony Capitalism with a Human Face


Left-wing academics always blame capitalism as the root of all problems of the world today from poverty to war, from racism to patriarchy. They had use capitalism as a synonym of free markets and property rights. Left-libertarians tend to oppose that but I don’t think much people is listening to that. There had historically attempts to reform capitalism some even talk about capitalism with a human face to referring to a form of capitalism that is not global corporate structure of profit but few on the left had defended these models. When Hillary Clinton in the last debate defended capitalism against Bernie Sanders she mentions the capitalism of small business but this isn’t the kind of capitalism that her husband defended. In the 90s the Clintons embraced supposed third way that was neither capitalism neither socialist but I think took the worst elements of both and lastly never took the form of social democracy but it was a form of neoliberalism. Neoliberalism is maybe the essence of crony capitalism meaning the marriage between big government and big business with a cut of social services. For the primaries she try to portray herself as a progressive but there are a lot of doubts about the convictions of her statements.

But is Bernie Sanders really different, yes he says he is socialist but a model like the New Deal was born to save capitalism and wants a New New Deal. He is in favor of massive military industrial complex. I recognized that Sanders is one of the few politicians that had the courage to call himself a socialist in United States and contrary to Hillary, Sanders positions with the exception of foreign policy are the same as when he was a young radical. But there is not a real thought about thinking beyond capitalism even the Green Party which in its platform said they to abolish corporate capitalism, they also support another of New Deal called the Green New Deal.

What about the GOP? Libertarians blame the GOP for giving a bad name to capitalism. I once found on Green Party page a comment like that “If the GOP were smart, they would nominate Hillary. She agrees with most of their wretched policies but also is electable”. I suppose that despite the rhetoric the GOP and Democratic Party stand for more or less the same kind of corporatism. After all are neocons really defenders of free markets, I think no one in their right mind could say that. Maybe Hillary Clinton is crony capitalism with a human face.

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