Good analysis on the nature of how the corporate state actually works, and why talk about our system being one of ‘free market competition’ is pretty much bunk. This should be required reading for all high school civics classes. (It explains how things like Ohio Senate Bill SB 117 come into existence, for instance).

Crony capitalism is the practice of government supporting specific companies or industries for favorable treatment in legislation, government grants, legal permits and beneficial tax laws. The concepts of open competition and free markets do not apply, because government actively intervenes to assist privileged corporations. In crony capitalism, there is a close relationship between government and corporations, and their actions towards each other are mutually financially beneficial. National laws and regulations are enacted that provide special permission for particular companies for acquisitions, mergers, real estate transactions and tax benefits. The quid pro quo for Republican and Democratic politicians are campaign donations, future jobs for themselves or relatives, and are disguised or hidden perks in exchange for favorable legislation for privileged organizations. Crony democracy occurs when crony capitalism merges with democracy, with major players becoming interchangeable with the lobbying promoting it.

The Bushevik regime has brought this cycle to a new height of influence in American history. And the article talks about the Bush administration’s conflict of interests in regards to their policies and who benefits. I would suggest it is not so much the case of the Bush family and their cronies exploitation of conflicts of interest, as much as it is the family’s long history of an interest in conflict.

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