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Crony Capitalism: Our new way of life

Why it is exploding now?

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Commentary by Charles Hugh Smith

"Capitalism" - does it even exist?

"Free enterprise" - I know that exists for small business people...when they're not being pounded into the ground by taxes, fees and government regulations.

What does most definitely exist at the "highest" levels is Crony Capitalism.

Selling fraudulent securities? No problem.

Packaging poisons as food? No problem.

Defrauding the Pentagon to the tunes of hundreds of billions of dollars? No problem.

What it Bob Dylan said "When you steal a little, they call you thief. When you steal a lot, they call you King."