The accusation of “cronyism” can be applied to just about anything – not just capitalism. In the 20th century, for example, you certainly had crony communism in virtually every communist or socialist state. You also have cronyism in universities (especially in left-wing departments) councils, political parties, anti-fascist groups and so on. The same is true of that broader term which has become so popular with verbatim Chomskyans and followers of Naomi Klein -- 'corporatism'. In this case you have fascist corporatism, Christian corporatism, Communitarian corporatism, kinship corporatism, and even “progressive” and socialist corporatism. In addition, what's been said about cronyism can be said about corruption and the abuse of power. These two things aren't peculiar to capitalism either. Yet, as we know, all sorts of things have been attributed to capitalism which have been pretty much universal in nature. Cronyism seems to occur...(Read Full Article)