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Charlie goes on a bit of a rant here but it's a good read.
I must say, the irony of being accused of being a communist by many of these people is incredibly rich.
That’s because the policies I advocate in my writings are far, far more “free market” than any of theirs.
I find my critics hide behind the slogan of free market capitalism, while practicing something entirely different — crony capitalism.
What does it mean to be a crony capitalist?
Read the rest here:
Communism for the Rich
My critics sometimes accuse me of being a communist, of all things.I must say, the irony of being accused of being a communist by many of these people is incredibly rich.
That’s because the policies I advocate in my writings are far, far more “free market” than any of theirs.
I find my critics hide behind the slogan of free market capitalism, while practicing something entirely different — crony capitalism.
What does it mean to be a crony capitalist?
Read the rest here:
Communism for the Rich - Daily Reckoning
Charles Hugh Smith is a fierce critic of the crony capitalism that passes for free market capitalism. Because he criticizes “capitalism,” some of his critics label Charles a communist. Today, Charles sets the record straight.
dailyreckoning.com