The Republican Crony Capitalism Problem

Phil Jensen


businessCongressman Jeb Hensarling (R-TX) recently spoke with the Wall Street Journal about the problem the Republican Party has with “crony capitalism.”

Crony capitalism isn’t really capitalism at all, but rather is more akin to a benevolent fascism where politicians protect and reward their friends and donors in the business community for the financial support of those friends and donors. They typically reward those friends and donors with favorable legislation, tax breaks, exceptions to laws that other business must obey, etc.

In short, crony capitalism has the appearance of support for the free market, but is in reality just plain ole’ corruption. It has much less to do with a “free” free market and more to do with illegitimate, incestuous (and nest-feathering) ties between government and business.

Rick Kriebel 2016


It is also a key engine in protecting incumbents in office against new and healthy competition, and usually does so at the taxpayer’s expense–both the expense of their tax dollars and their freedom.

Government best supports the free market by keeping taxes and regulation low, and staying out of the way of business enterprise. Government should not be picking winners and losers in the free market–rewarding some and punishing others.

That is the major problem the GOP has with crony capitalism here in my state, and at the national level.

Woodrow Wilcox


And it has to stop, if the Republican Party is to continue to be a vibrant party…and if America is to continue to be a vibrant nation.



This article is printed with the permission of the author(s). Opinions expressed herein are the sole responsibility of the article’s author(s), or of the person(s) or organization(s) quoted therein, and do not necessarily represent those of American Clarion or Dakota Voice LLC.

Comment Rules: Please confine comments to salient ones that add to the topic; Profanity is not allowed and will be deleted; Spam, copied statements and other material not comprised of the reader’s own opinion will be deleted.

Similar Posts:

Bob Ellis has been the owner of media company Dakota Voice, LLC since 2005. He is a 10-year U.S. Air Force veteran, a political reporter and commentator for the past decade, and has been involved in numerous election and public policy campaigns for over 20 years. He was a founding member and board member of the Tea Party groups Citizens for Liberty and the South Dakota Tea Party Alliance. He lives in Rapid City, South Dakota with his wife and two children.
Bob Ellis
View all articles by Bob Ellis
Print Friendly

Comments are closed.