by: Brent Smith for World Net Daily:
By her own admission, the CEO of General Motors wants to further her pursuit into crony-corporatism to achieve her vision of an all-electric, zero-emissions future.
There is something inherently wrong with the term crony-corporatism – although most use the term crony-capitalism.
There really isn’t anything capitalistic about cronyism. And there isn’t anything inherently wrong with corporatism. In both cases, the problem is “crony.”
For those unfamiliar, crony-corporatism is when a private-sector corporation gets in bed with the government. It may be federal or state, but in either case (or both), the corporation curries favor with the government, seeking special carve-outs and regulations that effectively lock out their competition. It’s an insidious relationship that benefits none but the corporation and government special interests. The consumer always suffers in the end.