It’s Crony Capitalism, Stupid!
American millennials, it is said, are turning their backs on capitalism in favour of socialism. Be it socialism writ into the ‘green new deal’ we spoke about earlier in March, or espousing the conceit of modern monetary theory that we have also raised before. These ideas are predicated on the US Government taking over control of large swathes of supposed free markets, which has historically been an anathema to the United States, that sees itself as a bastion of free market capitalism.