Opinion | The Rise of Kickback Capitalism

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Opinion | The Rise of Kickback Capitalism
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From WSJopinion: The U.S. always has had some patronage and cronyism, but now we’ve created a mangy mob of meritless mooches, writes andykessler

Wonder Land: Some 50 years ago, Congress voted to insulate itself from external discipline, creating what one critic called 'congressional government.' Today it's up to House Republicans to remedy the 'chaos.' Images: AFP/Bettman via Getty Images Composite: Mark Kelly“I’m a capitalist,” President Biden said in the State of the Union address. Yeah, right. He then added, “But pay your fair share.

Collectivism always fails for lack of meritocracy. America’s rugged individualism makes it most compatible with real capitalism. Sure, the U.S. always has had some patronage and cronyism. Elections are expensive, after all. But now we’ve entered an era of kickback capitalism, which has created a mangy mob of meritless mooches.

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