Welcome to our regime of political capitalism, where merit matters, but political connections matter even more.

In an unalloyed capitalist system, money flows to those who offer goods and services of value to consumers. In a political capitalism system, money flows to special-interest groups with friends in high places.

(10) comments


Not a single mention of Koch Industries. Amazing rhetorical omission and utterly purposeful.


Every political bent has their boogeyman, PG. Koch for the left, ond Soros to the right. Relevant? Nope.


Gabe, the ommission was deliberate. We both know that and I'm far from left.


Of course it was, PG. Dr. de Rugy is a regular contributor to Reason Magazine too. My point is I couldn't care less what boogeyman either side calls out anymore, because it is just gratuitous. The right says "whatabout Soros", and the left says "whatabout Koch", without saying which of either's positions they disagree with. I happen to support many of Koch's thoughts, as well as many of Soros'.

Pro-Choice/Privileged W. Woman

We are and always will be a capitalist nation…. Facts are facts


The author worked for the biggest receiver of political grift, the Kochs, pfffffff


And many congress persons somehow become very wealthy.


Other words for our "political capitalism" : corporatism or fascism. Big Government's role is to advance the interests of Big Capital, interests like Big Pharma and our military-industrial complex.

I notice in this column the absence of any suggestions as to how to alleviate the ills of political capitalism. I attribute that to the honest recognition that the only solution would be to reconstitute our entire political-economic system.


While I often agree with Dr. de Rugy’s columns, there are a few items here that, although Libertarian, are harmful to the country, and its economic recovery from the pandemic. First:

” The CHIPS and Science Act, passed last year, is another episode of politicians granting favors to their friends in the semiconductor industry.”

Computer chips are critical to the basic functioning of society anymore; from laptops, to automobiles, to air traffic, to grocery stores, or anywhere else in the US economy that requires computers or automation. That is just a basic fact. Another basic fact is that today only about 12% of critical computer chips are manufactured in the us, while about 88% are manufactured in Asia in countries like Taiwan (the largest supplier to the US), South Korea, Malaysia, and China, and thus the problem. Taiwan is a strategic partner, but if China moves on them, critical supplies can be cut off. Same goes for South Korea, although much less likely. It is strategic common sense to mitigate the potential loss of a supplier of critical supplies.

Next, regarding the airlines, she said:

” The COVID-19 era’s $54 billion in airline bailouts were allegedly granted to avoid the layoff of some 30,000 airline employees.”

Preventing the layoff of airline employees was only one point in supporting this industry. It to is critical to the nation’s economy. Air travel is not only for vacationers, but business operations including shipment of goods and the US mail. Not everything in the cargo hold is passenger luggage. Not having those planes flying severely limits commerce. Further, as normal schedules were restored, there had to be people to man those jobs. Planes cannot fly without pilots, and pilots must maintain their flying credentials through simulators and actual flying time. Same goes for maintenance personnel who make sure the planes are fit to fly. Economic recovery is highly dependent on our ability to ship goods and the US mail.

As for Regal Cinemas, that is a silly comparison. Is going to a movie critical to the economy? Didn’t folks find work-arounds like Netflix, Amazon Prime, etc. As previously stated, although Dr. de Rugy’s statements make sense from a “Libertarian ideal position”, they fail on a strategic position, and would severely impact our economic recovery and day-to-day functioning.


“From sugar and steel consumers to students who already paid off their loans or used their savings to pay for their education, political capitalism punishes those who aren’t elite or can’t organize to extract favors from politicians.”

Welcome to the discussion.

Keep it clean. No vulgar, racist, sexist or sexually-oriented language.
Engage ideas. This forum is for the exchange of ideas, not personal attacks or ad hominem criticisms.
Be civil. Don't threaten. Don't lie. Don't bait. Don't degrade others.
No trolling. Stay on topic.
No spamming. This is not the place to sell miracle cures.
No deceptive names. Apparently misleading usernames are not allowed.
Say it once. No repetitive posts, please.
Help us. Use the 'Report' link for abusive posts.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.