Crony capitalism is a pejorative term describing an allegedly capitalist economy in which success in business depends on close relationships between businessmen and government officials.
http://en.wikipedia.org/wiki/Crony_capitalism
Investopedia explains Crony Capitalism; Both socialists and capitalists have been at odds with each other over assigning blame to the opposite group for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism.
www.investopedia.com/terms/c/cronycapitalism.asp www.investopedia.com/terms/c/cronycapitalism.asp
1 Thank you, that was very enlightening. I'm assuming that at the moment, America is a good example of crony capitalism. I'm fully supportive of capitalism in principle (and also of idealistic communism), but I'm sick and tired of the corru...
http://www.wisegeek.com/what-is-crony-capitalism.htm
Four years ago, as Asia struggled with an economic crisis, many observers blamed "crony capitalism." Wealthy businessmen in Asia didn't bother to tell investors the truth about their assets, their liabilities or their profits;
www.commondreams.org/views02/0115-03.htm
Unlike the Left, however, libertarians see that the problem is not the nature of capitalism but of government. Instead of nationalizing industries in the name of "the people" (i.e. certain people), libertarians call for the complete ... 'CRONY CAPITALISM' & WAR; American foreign policy & the Rockefeller connection...
www.antiwar.com/justin/j013002.html
Many parts of the bill the Senate passed last week only continue the worst aspects of the crony capitalism at the hard of Freddie’s success. This is especially true of the Community Development Block Grant funds that have long been a goal of partisan housing activist groups like ACORN.
blog.heritage.org/2008/07/14/morning-bell-the-lefts-cro... blog.heritage.org/2008/07/14/morning-bell-the-lefts-crony-capitilism-exposed/
It’s not often we get to wholeheartedly endorse a Saturday Night Live skit, but from beginning to end this spoof of a post Wall Street bailout conference has at all: ... October 6, 2008 The Celeb Buzz » Blog Archive » The Left’S Crony Capitalism Hits Snl writes:
blog.heritage.org/2008/10/06/the-lefts-crony-capitalism... blog.heritage.org/2008/10/06/the-lefts-crony-capitalism-hits-snl/
“So, when government pays a private insurance company to pay doctors it’s capitalism, but when government cuts out the insurance company middleman and just pays the doctors directly, it’s evil big government?”...
yglesias.thinkprogress.org/archives/2009/02/buck_mckeon... yglesias.thinkprogress.org/archives/2009/02/buck_mckeons_student_loan_crony_capitalism.php
Listed below are links to weblogs that reference Crony Capitalism Comes (Returns?) to America: ... » Is Crony Capitalism Really Returning to America? from PrefBlog; Menzie Chinn writes in Econbrowser a very gloomy piece about the state of the US banking industry and urges a bail-out … of some kind: As I’ve said...
www.econbrowser.com/archives/2008/02/crony_capitalis.ht... www.econbrowser.com/archives/2008/02/crony_capitalis.html
Three Fannie/Freddie-related items for you: ... The Foundry takes a look at the left’s crony capitalism. ... “Profit-side capitalism and loss-side socialism”, as CEI’s Fred Smith put it, is more accurate.
michellemalkin.com/2008/07/15/crony-capitalism-and-a-ja... michellemalkin.com/2008/07/15/crony-capitalism-and-a-jamie-gorelick-update/
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