crony


Poor Countries Demand $3.5 Trillion in Climate Finance at Paris Conference*

By Against Crony Capitalism December 15, 2015   Poor Countries Demand $3.5 Trillion in Climate Finance at Paris Conference*     Now let’s just guess whether the crony classes in these poor countries will just happen to pocket all of this “climate mitigation” money. OK, let’s not guess because we know the answer. Of course […]

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Congressman Stephen Fincher: From Tea Partier to corporate welfare champion

By Against Crony Capitalism October 4, 2015   Congressman Stephen Fincher: From Tea Partier to corporate welfare champion     The old joke is that many a congressperson gets elected by explaining to his constituents that he going to go to Washington so that he can drain the swamp. But once he gets to DC […]

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(Image courtesy of Michael Galkovsky/Flickr,CC)

A True American Crony

By Bill Bonner Bonner & Partners September 24, 2015   A True American Crony     PARIS – Volkswagen CEO “falls on his sword,” reports the Financial Times. The FT was speaking metaphorically, of course. Martin Winterkorn is German, after all, not Japanese. A Japanese businessman in a similar circumstance would have his intestines on […]


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The Economics of Hillary Clinton

By William L. Anderson Mises.org September 22, 2015   The Economics of Hillary Clinton   In a recent Labor Day speech to union workers in Illinois, Hillary Clinton declared that if she is elected president of the United States, she would make sure that “some employers go to jail for wage theft and all the other […]


Politico calls out China as the world’s Ultimate Crony Capitalist State

By Nick Sorrentino Against Crony Capitalism September 22, 2015   Politico calls out China as the world’s Ultimate Crony Capitalist State     OK, Politico did not use the exact term, but Charles Davidson and Jeffrey Gedmin make a pretty bold statement in today’s edition. China is a kleptocracy and this encourages instability in the […]

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Caution! Corporate Cronies at Work…

By Bill Bonner Bonner & Partners August 14, 2015   Caution! Corporate Cronies at Work…     U.S. stocks flat. A bump in Tokyo. A bump up in Shanghai. Gold registered a $7 loss in New York trading. Noise, in other words. Nothing to worry about. So let us remind readers, and ourselves, of what […]


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How is the USA like Greece? Both are crony states

By Nick Sorrentino Against Crony Capitalism July 10, 2015   How is the USA like Greece? Both are crony states     Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill. In Greece we see a relatively poor crony state languishing on the […]


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Crony extraordinaire Al Sharpton says federal government should take over policing

By Nick Sorrentino Against Crony Capitalism May 2, 2015   Crony extraordinaire Al Sharpton says federal government should take over policing     If you want to undermine the very spirit of this country a national police force would do it. Such a thing is anathema to the core principals of the United States republic. […]


Ex-Im Misrepresents Subsidies to Prominent Billionaire

Commentary by Diane Katz The Daily Signal May 1, 2015   Ex-Im Misrepresents Subsidies to Prominent Billionaire     The chairman of the government’s Export-Import Bank has repeatedly mischaracterized several deals that have benefited billionaire Elon Musk. These misrepresentations, among other mismanagement and dysfunction within Ex-Im, reinforce the case for ending the crony bank. In […]

(Image courtesy of Steve Jurvetson)

I am here to take your money.

The Crony Capitalism Litmus Test

By Against Crony Capitalism   The Crony Capitalism Litmus Test     Another excellent article from Tim Carney. If you really want to understand the politics of the Export-Import Bank you need to read it. Not renewing Ex-Im is a good start. But just a start. (And we’re not even there yet.) The bank is […]


Government workers are a big part of the crony problem

By Nick Sorrentino Against Crony Capitalism   Government workers are a big part of the crony problem   There is no reason why government workers, who’s salaries are paid via the taxation of the citizenry, should on average make more than their private sector brethren. Government workers typically have jobs for life. That bubble of […]

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