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October 6, 2015
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Tag: Crony Capitalism

AP/Louis Lanzano

Truthdigger of the Week: David Stockman

Former Reagan-era budget director David Stockman is under attack by pundits everywhere for confirming that money for Wall Street and nothing for Main Street stands as an upper-class attack on the American public.

Posted on Apr 6, 2013 READ MORE


It Wasn’t David Stockman Who Wrecked the Economy

For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.

Posted on Apr 2, 2013 READ MORE

AP/Michael S. Green

Crony Capitalism’s Power Couple

Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?

Posted on Dec 21, 2012 READ MORE

NPR: Crony Capitalism and America’s ‘Berlusconi Spiral’

Is the United States on a course toward crony capitalism? Italian-American economist Luigi Zingales and NPR examine similarities between the politics and economics of Italy under Silvio Berlusconi and of the U.S.

Posted on Jul 11, 2012 READ MORE

General Motors Lobby

Post-Bailout, Lobbying Continues

Without skipping a beat, once-troubled financial entities are continuing to spend big to lobby Congress as they pocket billions in TARP bailout money. The lobbying is defended by the bail-outted firms as a “transparent and effective way” to be heard on policy issues.

Posted on Jan 23, 2009 READ MORE

Machado at the UN
AP photo / Seth Wenig

Latin Leaders Blast Bailout

The most explicit anti-capitalist analysis of the U.S.‘s proposed bailout of major finance firms is not domestic, but rather international. A cadre of left-leaning leaders in Latin America is ramping up criticism of Bush’s crony capitalism, arguing that the U.S. economic crisis was caused by the driving logic of American imperialism: fast money at the expense of the poor.

Posted on Sep 25, 2008 READ MORE

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