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‘Left, Right & Center’: The Argument for Crony Capitalism

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Posted on May 5, 2012
kcrw.com

The U.S. economy added a measly 115,000 jobs in April. Chinese dissident Chen Guangcheng got Washington’s attention, but human rights remains a touchy subject between the U.S. and China. France and Europe brace for the change a French presidential election will bring. Income inequality got a shoutout from one of Mitt Romney’s former colleagues. And Facebook prepares to IPO.

The Daily Beast/Newsweek’s David Frum joins Matt Miller and Robert Scheer on this week’s “Left, Right & Center.”

KCRW:

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By Poet, May 7, 2012 at 6:08 am Link to this comment

Capitalism is not working.  What we lack is ETHICAL conduct in a model which benefits all.

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By StreetJustice, May 6, 2012 at 5:48 am Link to this comment

I enjoyed the discussion about income inequality. There is an inherent danger in focusing on the ‘result’ of income inequality or equality from the right or the left and then trying to work backwards to either justify inequality by right as risk-taking innovators or to justify govt programs for equality on the left.  At the end of the day, both are crony capitalism, aristocracy, plutocracy, what have you. The focus must be on equality of opportunity and justice on the front end, then the income equality follows as a result. Neither party is representing capitalism or democracy or republic or free market or equality of justice and opportunity.

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By Jonathon, May 5, 2012 at 3:24 pm Link to this comment
(Unregistered commenter)

They need to rethink how they define innovation.  Innovation isn’t the iPhone, HD
Televisions, “Obamacare”, overly-complex get-rich-quick schemes, or even
landing a man on the moon.  Innovation is eliminating poverty, eliminiating
homelessness, free education, disease prevention, clean water, etc.. the basics. 
It’s not really that difficult and most of the time is a lot simpler than one imagines. 
Innovation should benefit all not just the well-to-do.

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