Crony capitalism is just one more crappy product of large government.
No, that it not true.
So, despite the precise definition provided, it isn't true because.....you say it isn't??
Crony capitalism is exactly what this country had in the 1880's and 1890's when there was no income tax and government had almost no power at all.
Crony Capitalism functions with the intimate involvement of powerful entities, be it corporations in cahoots with one another, OR corporation(s) in cahoots with GOVERNMENT.
When Government attempts to place one company or industry over another, THAT's crony capitalism.
When Government is allowed to grow exponentially, lobbiests for large corporations have greater sway and cover, which personifies crony capitalism.
When Government attempts to push one industry while punishing competing industry, THAT's crony capitalism.
When companies or Corporations are deemed "too big to fail", that is one of the end goals of crony capitalism. It's occured under both GOP & Democrat Administrations. The whole Solyndra debacle and "green jobs" efforts are dripping of Crony capitalism. It's all about
you scratch my back, I'll scratch yours.
You donate large sums to me, I'll protect & reward youCaptalism alone, if allowed to function, with merely Governement oversight, the way our country was designed, is what spurs our economy the greatest. But when Government, not only gets in the way, but gets so big it actually facilitates more Crony Capitalism, you get the results that we see today, that Bernie is all so up & arms at. How ironic, its his own party & President that has pushed crony capitalism to a point of nearly out of control