from The Daily Beast, Big Business Vs. Libertarians in the GOP
Big business took a big loss in Virginia Tuesday, as House Majority Leader Eric Cantor lost his seat to little-known Tea Party favorite David Brat, who had criticized Cantor for his business ties and pledged, “I will fight to end crony capitalist programs that benefit the rich and powerful.”
This clash between politically minded businessmen and free-market libertarians is an old one. Adam Smith wrote “The Wealth of Nations” to denounce mercantilism, the crony capitalism of his day. Milton Friedman wrote, “There’s a common misconception that people who are in favor of a free market are also in favor of everything that big business does. Nothing could be further from the truth.”
The anti crony capitalist movement could attract many from the Democrats. It corrupts the core of our politics and there may be a strong bipartisan alliance to stop it.
The Democrats are also splintered: