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.Is the U.S. 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 United States. Americans losing faith in their government are completely justified when they point to the bailouts, appointments of business insiders for government positions, and widespread tax loopholes and exemptions, Zingales says. He calls these disturbing trends the “Berlusconi Spiral,” and offers a foolproof way to fix the pattern. — Posted by Christian Neumeister
Your support matters…NPR:
You’ll hear the complaint every now and then, when the global economy comes up, that the United States is becoming like Greece, or Spain, or Italy.
But when Luigi Zingales says it, he should know: He’s a University of Chicago economist. He was born in Italy. He studies, among other things, what has set the American economy apart from places like Italy.
And he’s worried.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.