Ben Shapiro a columnist for Townhall.com declares that Sarah Palin was wrong to use the term crony capitalism in her speech last week . He says the term disparages capitalism and that correct term is corporatism. I think it's a distinction without a difference, a 'to-mai-toe' 'to-mah-toe' thing. I knew what she meant and any thinking person knew it too. Whether the rigged game the giant corporations engage in with the government elites (in D.C. or the local statehouse) is technically crony capitalism or corporatism is beside the point.
As Shapiro correctly points out it's nothing new, it's been going on since the so-called robber baron days of the late 19th century. It's always been championed by the Democratic party. The problem is that now it's being used to make American cronies/corporatists (and their government operatives) very wealthy at the expense of American middle class economic power. By exporting the work to Asia along with the technology the corporate/government cabal is in direct conflict with everyday working Americans.
This is one of the reasons I can't understand why the so-called working class in America is so enthralled with the Democrats who support and foster the corporate/government cabal at every level. Oh yeah, the alternative is the corporate jelly party called the Republicans. Now that the Democrat boosters in the Main Stream Media have painted the Tea Party Movement as insanity personified the working class has no real voice. The Tea Party is as opposed to the corporate/government cabal as it is to the Federal overreach into extra-constitutional powers.
No matter, I still think Palin is the only one with the courage to say these things with real conviction, the party and the people dismiss the message at their own peril.