Crony Capitalism: The Decandance of Capitalism

Crony Capitalism: Free Market or Capitalism Without Morals?

One of the biggest arguments that advocates for Capitalism and a Free Market System is there shouldn't be any type of government regulations or taxes of any kind for that matter, because according to Free Market Capitalists unregulated capitalism is the best system economic model to follow and it helps to create jobs and companies have the economic freedom to be more productive and make more money. But is it really true? or is it a fantasy for millions of working people to dream of having a better future at the expensive of their living wages and labor and work safety laws? 

As imperfect as government is government is there put laws in place as protection not only for the citizens but also for the workers, for example we have minimum wages that is a fixed salary where a employer by law cannot pay a employee below that fixed amount, it protects the worker from being exploited by the employer and we have also have labor and safety regulation laws that protect the worker from being put in any physical danger and that the employer maintains a safe and clean work environment. 

Laissez-Faire advocates advocate complete independent ownership and allows businesses and companies to do what they want without having to worry about repercussions of their actions and that is dangerous because if companies had their way they would pay the workers whatever they wanted and fire and lay off millions of people, not give them benefits or a living wage and they would be working under conditions of slavery and servitude. Private Businesses can discriminate against potential candidates based on race, creed, national origin and gender and it creates more poverty and income inequality and it doesn't benefit the economy, the people or businesses it just creates a free for all system where any private individual or corporation can take over another company or a city or town and the people have no say and they can manipulate the government in doing what they want to do and not the will and welfare of the people. 

Crony Capitalism and Larissez-Fairse economics are not only dangerous but suicidal because it gives absolute power and control over means of production and capital to one individual or corporate entity where they could care less about the social welfare of the people and the workers but only caring about their profiting off the people and creating monopolies where they control everything and there is no free or fair competition and the government is merely the puppet of the corporations and to serve the interest of the special interest groups and not the people. The Capitalism that the United States has today is not the same capitalism that existed back in the 1950s it was a form of capitalism that worked for everyone and everyone benefited not just a select few, when everything became corporate workers became commodities that can be disposed at anytime and that created the downfall of the economy and the Americanworker.