Path: mv.asterisco.pt!mvalente
From: mvale…@ruido-visual.pt (Mario Valente)
Newsgroups: mv
Subject: Political and Market Entrepreneurs
Date: Fri, 14 Mar 08 00:26:21 GMT
  http://en.wikipedia.org/wiki/Capitalism
  http://en.wikipedia.org/wiki/Socialism
  “The iron law of oligarchy is a political theory,
 first developed by the German syndicalist sociologist
 Robert Michels in his 1911 book, Political Parties.
  It states that all forms of organization, regardless of
 how democratic or autocratic they may be at the start,
 will eventually and inevitably develop into oligarchies.”
http://en.wikipedia.org/wiki/Iron_law_of_oligarchy
  The end result? A mixed economoy, a false and stunted mix
 of socialism and capitalism… A gray consensus between black
 and white that, being gray, satisfies neither those who prefer
 black nor those who prefer white. The result of taking the
 “best” from each side? Crony capitalism, an oligarchy of
 corrupt businessmen and corrupt politicians…
  Crony capitalism
  http://en.wikipedia.org/wiki/Crony_capitalism
  Capitalists generally oppose crony capitalism as well,
 but consider it an aberration brought on by governmental favors
 incompatible with true capitalism. In this view, crony capitalism
 is the result of an excess of socialist-style interference in the
 market, which requires active corporate lobbying to reduce red tape.
  They point to the relatively higher levels of interaction between
 corporations and governments that are considered more socialist,
 taken to its maximum in the form of nationalization of industries.
  Even if the initial regulation was well-intentioned (to curb actual
 abuses), and even if the initial lobbying by corporations was
 well-intentioned (to reduce illogical regulations), the mixture of
 business and government eventually proves poisonous. 
  Burton W. Folsom, Jr., in his book The Myth of the Robber Barons,
 distinguished those that engage in crony capitalism – designated by
 him “political entrepreneurs” – from those who compete in the marketplace
 without special aid from government, whom he calls “market entrepreneurs”.
— MV
