Please explain to me the difference between corporatism and crony capitalism...

[Reason]

plz =)

[tmosley]

None.

[WaltM]

just remember this

corporatism is bad capitalism
crony capitalism is bad capitalism
Keynesian capitalism is bad capitalism.

when good people like
Ron Paul, Lew Rockwell, talk about capitalism, it's good capitalism.
Simple enough?

[eric_cartman]

i would say that corporatism is just another name for fascism.

corporatism/fascism is basically when private companies use the government to gain unfair advantages in the market. So it's when the private companies take over the government, and the government and the private sector team up to seize power and screw over the average citizen and take their rights away.

with capitalism however, the government is small and run by the people. and the private sector works for the benefit of the citizens.

businesses and corporations can only grow in a capitalist system by providing goods and services that people want to buy. In a fascist or corporatist system, businesses and corporations grow because their relationship with the government, because the government can force you to buy their products by giving them special advantages (in return for campaign contributions). In a fascist system, the government can just simply give money to private companies in the form of subsidies, bailouts, etc..... or they can write regulations designed to benefit these politically connected businesses.

so there's a big difference between capitalism and corporatism. but i guess that crony capitalism is pretty much the same as fascism.

[Athan]

Its the same thing just different wordplay to avoid the bad publicity of histories lessons. In the American Revolution, it was called mercantilism.

[WaltM]

i would say that corporatism is just another name for fascism.

I'm sure you didn't get that from Mussolini
http://www.publiceye.org/fascist/corporatism.html

It is generally attrributed to an article written by Mussolini in the 1932 Enciclopedia Italiana with the assistance of Giovanni Gentile, the editor.

The quote, however, does not appear in the Enciclopedia Italiana in the original Italian.

It does not appear in the official English translation of that article:

Benito Mussolini, 1935, "The Doctrine of Fascism," Firenze: Vallecchi Editore.

And it does not appear in the longer treatment of the subject by Mussolini in:

Benito Mussolini, 1935, "Fascism: Doctrine and Institutions," Rome: 'Ardita' Publishers.

Where the quote comes from remains a mystery, and while it is possible Mussolini said it someplace at some time, a number of researchers have been unable to find it after months of research.

[eric_cartman]

^^^
interesting

[johnrocks]

Crony capitalism is a "you scratch my back and I'll scratch yours" mentality where a politician does favors in return for favors, corporatism is the partnership where government/corporate interests are, it has moved past the croynism and has a strong foundation, they are related;very closely related;but not the same,imho anyway.

[WaltM]

Crony capitalism is a "you scratch my back and I'll scratch yours" mentality where a politician does favors in return for favors,

isn't that simply voluntary exchange and mutual benefit?

corporatism is the partnership where government/corporate interests are, it has moved past the croynism and has a strong foundation, they are related;very closely related;but not the same,imho anyway.

[purplechoe]

Facism was around since at least the ancient Rome...