Roger L. Simon, over at PJ Media, makes a great point about Obama’s crony capitalism and why some elites depend on government sponsorship to maintain their status:
What does this have to do with socialism? A lot, really, because what Obama promises – especially in his second term — is a socialism of permanent elites, a kind of new, very American, version of the old Soviet-style nomenklatura. And those who are in it will get to stay in it (via government support) as social mobility, aka the American Dream, diminishes or disappears.
This was what socialism ultimately was all about, indeed is all about, the preservation of nomenklaturas, whether of Hollywood, the media, union, and bureaucratic leadership or what remains of selected industry. Keep hoi polloi out.