Crony capitalism: The real culprit in America`s economic nightmare. Scott Biddulph , Conservative Examiner November 15, 2011 What is crony capitalism? Is it in any way related to real capitalism and what does it entail? These are questions we as Americans should look at and gain an understanding of the true definitions. Crony Capitalism: A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives (Investopedia.com, 2011) Why is it so important that we understand the meaning of this term? Because it is being thrown around in the news and many of our fellow citizens do not understand the definition. The left claims that crony capitalism is a direct and unavoidable result of the free market; they believe that only stiff regulation by government can stop crony capitalism. The Marxist believes that the government should own all industry and that would stop crony capitalism. Both groups have a basic inability to believe in people`s capacity to make good decisions and in the ability of people to self govern. Advertisement The Republican party--in regard to the RINO`s and moderates--has also participated in this nasty little game. During the Clinton years, when the Republican revolution took place, moderate Republicans did not like what Newt Gingrich and other conservatives were doing and they got rid of that problem. The