Rational Nation USA
Purveyor of Truth
It seems Pope Francis has the GOP is a twist. I can understand this because the Pontiff, being the head Theologian steeped in education and the pursuit of Mysticism really hasn't a clue when it comes to economics, business, or how to run anything other than the Church. Supposedly a purely altruistic and spiritual pursuit.
On the other hand we have the ex Randian (for political reasons he later denounced Objectivism) Representative Paul Ryan talking about capitalism and how the Pope, who hails from Argentina, doesn't understand capitalism because all Argentinians have known is crony capitalism. Fair enough. Let us take a look at the definition of crony capitalism and see how it all plays out shall we?
Crony Capitalism - An economy that is nominally free-market, but allows for preferential regulation and other favorable government intervention based on personal relationships. In such a system, the false appearance of "pure" capitalism is publicly maintained to preserve the exclusive influence of well-connected individuals. (Source)
Oops! Looks as though a future (well connected) potential Republican candidate for the presidency of the United States of America has just described, here it is... the U.S. economy and its crony "Capitalists."
Read the Article below the fold.
