cronyism

The problem is that the alternatives to laissez-faire economics are corruption and cronyism.

Anywhere there are power relationships there is the cronyism and nepotism that you describe.

> or do you mean what today is labeled capitalism but is characterized by coercive force and cronyism?

It happened again a little over a year ago -- the company is still there, but us founders were forced out by investor cronyism after years of building.

Cynics and detractors have already pointed out the corruption, cronyism, the woeful state of pension reform and rampant tax evasion.

The reaction is either because no one understands how gradually a business is built, or he isn't participating in cronyism as more established incumbents are (oil & gas, auto dealers).

Between the political violence, the graft and the cronyism, he is about as far from honest as he could be.

If you assume a level of cronyism/corruption akin to say.ch,.de or.se then it might work.

Do you mean people trading with others on a voluntary, win-win basis, or do you mean what today is labeled capitalism but is characterized by coercive force and cronyism?

For whatever reason, and yes, cronyism and a certain reluctance to prosecute does happen.

But maybe you are saying that papers on climate change in peer reviewed journals are only there due to cronyism and corruption.

The system reinforces the worst excesses of political cronyism, including links to crony capitalism.

LinkedIn is good for cronyism and pretending that "n years at Company Inc." is particularly meaningful.

> "National Security" means "the financial health of Verizon" I think there's a chain of reasoning by which that can make sense, and which doesn't include cronyism: 1.

That's what has always been labeled capitalism, starting with the socialist critiques of the dominant system (filled, as it was, with coercive force and cronyism) in the developed world in the mid-to-late 19th century who invented the term "capitalism" as a label for that system.

Outside of incoherent, fantasies the neither exist in the real world or stand up to much examination even in theory -- fantasies constructed largely as a propaganda to defend that coercive, cronyistic system from its critics -- nothing else but coercive, cronyism-dominated systems has ever been referred to with the label "capitalism".

Cronyism can only go that far in a society where all are alone.