[VIDEO] The Paradigm Shift: There's No Such Thing As Crony Capitalism

Those two words are as mutually exclusive as ... well... a stripper's dressing room.

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God bless Mark Levin.

To be honest with you, I love his work. I do. I’m a Mark Levin fan. For my money, I don’t know if it gets any better than when he starts ranting about the establishment Republicans. I celebrate the guy’s entire catalog. One thing he does on his show is rename people and institutions. For example, he doesn’t call the Chamber of Commerce the Chamber of Commerce. He calls them the Chamber of Crony Capitalism.

The Chamber, you see, loves them some big government handouts. They aren’t about free markets and capitalism. They are actually working to oust some of the more conservative, free market Republicans who might get in the way of the Chamber’s designs on your money.

Now, here’s the Paradigm Shift. As much as I love Mark, I have to correct him. See, there’s no such thing as crony capitalism. Capitalism is a social system based on the recognition of individual rights, including property rights, where mutually beneficial agreements are made between free people for profit. No force is involved. No one is made to buy something they don’t want for more than they want to pay. No one is made to sell anything to anyone for less than they want to sell it for. No force is involved in capitalism. None. Government’s only role in capitalism is to protect the rights of the individual.

Crony CapitalismCronyism is a different story. Cronyism depends on the use of force to loot the property of one person, or group of people, in this case let’s call them “taxpayers,” and then redistribute it to another person or group of people, also known as cronies. Unlike capitalism, government has a much larger role to play in cronyism. Government’s role here is to take from the masses, give it to their cronies and tell everyone it’s a stimulus or part of a green jobs program or something like that.

It’s also known as corporatism or mercantilism, but it certainly isn’t capitalism. It can’t be. Again, there’s no force in capitalism. Capitalism is completely voluntary. No one is looted. No one is forced to surrender their property because the powers that be decide another protected group deserves it more than the people that created it.

Let’s be clear. There’s no cronyism in capitalism and there’s no capitalism in cronyism. The use of force to redistribute property makes it impossible.

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