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Photo article: this is not capitalism, this is cronyism

Tom Winnifrith
Wednesday 22 October 2025
Capitalism is meant to be about folks risking cash to create a business that creates products or services other folks want and which provides real jobs. Look at the photo tweet below from PR genius Steffi and tell my why this is capitalism not cronyism. It is just pointless, a group of well paid folks being well paid to discuss shifting bits of paper and assets of zero intrinsic value around. This is not creating wealth, it is redistributing it from mug punters to the crony capitalists.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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