“While political capitalism as an economic system has barely been recognized, the building blocks that form a theoretical foundation for political capitalism are firmly in place and well-accepted. In political science and sociology, the ideas of elite domination and biased pluralism are mainstream concepts that are a fundamental part of political capitalism.”

Political capitalism is an economic and political system in which the economic and political elite cooperate for their mutual benefit. While the essential idea of political capitalism has a long history, it has not been recognized as a distinct economic system.

In part, this is due to the 20th-century vision of economic systems as capitalist, as socialist, or a mixed economy that contains elements of both capitalism and socialism. It has also been due to the frequent vision of government as an institution that acts in the public interest, corrects market failures, and controls the activities of business.…

Meet David Crane, president and CEO of NRG Energy, the nation’s biggest independent power producer (IPP). This company’s diversified generation interests are fueled by every energy source from coal to wind.

Crane’s pedigree is a lot better than mine–degrees from Princeton and Harvard Law and lots of business experience. With all that going for him, it may not surprise you that Crane has a philosophical bent to go with his industry smarts. The current issue of Energy Biz summarizes some of his recent thoughts in an article with the deep title, Carbon Morality: The Nearsidedness of Incumbency.

The message of Carbon Morality? The power industry has lost its moral stature, and American society is on the verge of doing something awful to it.

The crisis? There’s a “fast shifting moral landscape” that “threatens to leave our industry adrift, shunned by the customers we serve.”…

“It is time to welcome the good news about climate science–the exaggeration of warming and harm by too-hot climate models. It is past time to hurl ad hominem at those intellectuals who reject neo-Malthusians on theoretical and empirical grounds.”

“Ad hominem—is that all you got? I happen to hold my views because I believe in them. Is there something wrong with that?” Such was my response to a professor who complained about an opinion-page editorial I published in the Daily Oklahoman: “Rob Bradley: Is Sourcewatch wrong? We simple folks in Oklahoma just like to know who butters your bread.”

And another comment:

So no bias at there being your boss is Koch, huh? Sure. we TOTALLY believe you are not carrying water for the Koch brothers and that if you had a totally different opinion, you wouldn’t loose that kushy job… I have a bridge in Brooklyn you might be interested in.

“Voters and citizens all must tell Tom Steyer, the moneyed Left Foundations, taxpayer-inebriated scientists, green-energy cronies, Left politicians, and Crony Republicans that human-need philanthropy should replace the politics of pessimism and waste. It is time to end the futile climate crusade.”

– Robert Bradley, “Doubling Down on Climate Alarmism,” Forbes.com, December 1, 2014.

The free-market energy space these days is very crowded, quite unlike the old days when just a few of us were battling Big Government, Big Environmentalism, and Big Cronyism (think Enron). As one of the veterans, my blogs and op-eds now compete against a number of new voices, beginning with Alex Epstein and continuing with “America’s Voice for Energy” Marita Noon, and others. (Marlo Lewis, then as now, stands above as scholar-blogger.)…