What Is Crony Capitalism? AOC Certainly Knows… And It Isn’t Real Capitalism
The Democrats also benefitted. It turns out that the executives of those mega-stores donate predominantly to the Democrats. It’s part of their partnership (see crony capitalism definition above). In the 2016 and 2018 election cycles, 93% of Costco employee (mostly executives) donations went to Democrats. In 2012, the CEO of Costco even spoke at the Democrat National Convention.