Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Sunday March 12, 2023 @09:53PM
(#35129707)
The term "robber baron" sounds so impossibly dated it's hard to take it seriously, and "oligarch" seems to be the favored term for when people have corrupt business relations in enemy states, so perhaps using "oligarch" is more illuminating for a modern audience.
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Re:America Has Replaced Capitalism with Cronyism
by readthenotes1 on Sunday March 12, 2023 @09:55PM
(#35129736)
It can be argued that the United States government is at war with its citizens...
Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Sunday March 12, 2023 @10:35PM
(#35130200)
Oh, come on, you know what I mean. Russia or other places with unfavorable relationships with the West we hear about “oligarchs” regularly.
Re:America Has Replaced Capitalism with Cronyism
by kevviiinn on Sunday March 12, 2023 @10:38PM
(#35130232)
Of course, because you're listening to American media owned by American oligarchs
Re:America Has Replaced Capitalism with Cronyism
by wahnfrieden on Sunday March 12, 2023 @10:56PM
(#35130383)
You have Andrew Carnegie to thank for expensive marketing campaigns that retired that term in popular usage and rebranding robber barony under the philanthropist label. Now we have robber barons that look like they're trying to be nice.
Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Sunday March 12, 2023 @11:26PM
(#35130603)
“Captains of industry” also sounds faintly ridiculous for what it’s worth.
Re:America Has Replaced Capitalism with Cronyism
by throwawaymaths on Sunday March 12, 2023 @10:57PM
(#35130385)
It seems hard to call big us ceos oligarchs, I would find it hard to believe for example Sundar pichai interacts even say weekly with Joe Biden, if for no other reason that there are so many potentially "influential" CEOs in the US and (at least there is a perception) they generally have better things to do than try to influence the president.
Re:America Has Replaced Capitalism with Cronyism
by honkler on Sunday March 12, 2023 @11:15PM
(#35130533)
not sundar pichai, but someone like Larry fink is certainly an oligarch. He's also had access to the inner core of the establishment.
Re:America Has Replaced Capitalism with Cronyism
by edgyquant on Monday March 13, 2023 @12:06AM
(#35130906)
Oligarch implies the government grants and helps enforce a monopoly to a single individual. There are few, if any, individuals in America that this can apply to. There’s definitely regulatory capture in the US, but oligarch is hyperbole and/or a lack of perspective. It tends to be people equating US billionaires with Russian ones who definitely do fit this definition.
Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Monday March 13, 2023 @12:09AM
(#35130936)
The specifics may differ but I do not agree that leaders of big business have "better things to do" than try to influence the President; a lot of time and money is spent on government influence operations.
Re:America Has Replaced Capitalism with Cronyism
by throwawaymaths on Monday March 13, 2023 @12:30AM
(#35131089)
> a lot of time and money is spent
I guess on reflection my parent description is not quite right, but your comment brings up maybe the real distinction: if you were a true oligarch, you wouldn't have do that, you would just have government influence, or, at least have it 'quite easily' for some definition of easily.
Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Monday March 13, 2023 @02:07AM
(#35131765)
If Jamie Dimon gives the President (or one of his aides or some other well-placed official) a call, is he going to be completely unable to find an audience who will at least hear what he has to say? Probably not.
It would completely disingenuous to say that there's no difference between the US and Russia but I think there's more in common than we'd like to admit.
Re:America Has Replaced Capitalism with Cronyism
by UtopiaPunk on Monday March 13, 2023 @02:41PM
(#35140404)
Spending lots of money counts as easy if you're ridiculously wealthy
Re:America Has Replaced Capitalism with Cronyism
by throwawaymaths on Monday March 13, 2023 @05:06PM
(#35142649)
It's not actually easy though. If someone airdropped you 100M and told you to spend it on some policy initiative, you, UtopiaPunk, would probably not be able to figure out how to move that money to a successful political end in DC.
Re:America Has Replaced Capitalism with Cronyism
by emodendroket on Monday March 13, 2023 @08:28PM
(#35145449)
He also probably doesn't employ a bunch of people specifically for this purpose so it seems like an irrelevant scenario
Re:America Has Replaced Capitalism with Cronyism
by eyelidlessness on Sunday March 12, 2023 @11:37PM
(#35130680)
There are many synonyms for blasé corruption.