Brian4Liberty
10-07-2016, 11:04 AM
It's Time We Crush The Putrid Roach Motels Of Philanthro-Crony-Capitalism (http://www.zerohedge.com/news/2016-10-05/its-time-we-crush-putrid-roach-motels-philanthro-crony-capitalism)
Submitted by Charles Hugh-Smith via OfTwoMinds blog (https://charleshughsmith.blogspot.com/2016/10/its-time-we-crush-putrid-roach-motels.html)
Philanthro-crony-capitalist corruption in the U.S. has reached levels that put Lower Slobovia to shame.
Granted, the fantasy of philanthrocapitalism is appealing: take a bunch of fabulously successful entrepreneurial billionaires, grant their foundations tax-free status, and then unleash them on the world as philanthropists who will solve problems by applying the incentives of capitalism.
While this sounds great in a TED talk, the ugly reality is that it was philanthrocapitalism's criminal predatory twin, Philanthro-Crony-Capitalism, that was unleashed. To illustrate how Philanthro-Crony-Capitalism works, let's visit the charmingly corrupt and venal nation of Lower Slobovia.
Former President Paytoplay starts a non-profit charitable foundation, which starts business right as Former President Paytoplay's wife is appointed Secretary of State for Lower Slobovia.
Since we know Lower Slobovia is corrupt, we know how this goes. Dictators, corporations, cartels, etc. who need favors from Lower Slobovia make huge "donations" to the Paytoplay Foundation, and like magic, their favors are granted by the government of Lower Slobovia.
Sadly, there is no corrupt Lower Slobovia or corrupt Paytoplay Foundation. There is however a corrupt USA and corrupt Clinton Foundation, which you can read about here:
...
More: https://charleshughsmith.blogspot.com/2016/10/its-time-we-crush-putrid-roach-motels.html
Submitted by Charles Hugh-Smith via OfTwoMinds blog (https://charleshughsmith.blogspot.com/2016/10/its-time-we-crush-putrid-roach-motels.html)
Philanthro-crony-capitalist corruption in the U.S. has reached levels that put Lower Slobovia to shame.
Granted, the fantasy of philanthrocapitalism is appealing: take a bunch of fabulously successful entrepreneurial billionaires, grant their foundations tax-free status, and then unleash them on the world as philanthropists who will solve problems by applying the incentives of capitalism.
While this sounds great in a TED talk, the ugly reality is that it was philanthrocapitalism's criminal predatory twin, Philanthro-Crony-Capitalism, that was unleashed. To illustrate how Philanthro-Crony-Capitalism works, let's visit the charmingly corrupt and venal nation of Lower Slobovia.
Former President Paytoplay starts a non-profit charitable foundation, which starts business right as Former President Paytoplay's wife is appointed Secretary of State for Lower Slobovia.
Since we know Lower Slobovia is corrupt, we know how this goes. Dictators, corporations, cartels, etc. who need favors from Lower Slobovia make huge "donations" to the Paytoplay Foundation, and like magic, their favors are granted by the government of Lower Slobovia.
Sadly, there is no corrupt Lower Slobovia or corrupt Paytoplay Foundation. There is however a corrupt USA and corrupt Clinton Foundation, which you can read about here:
...
More: https://charleshughsmith.blogspot.com/2016/10/its-time-we-crush-putrid-roach-motels.html