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Latest Crony Capitalism News

Rahul slams Modi govt, accuses it of crony capitalism
Congress vice-president Rahul Gandhi on Tuesday made an attack on the Narendra Modi government, accusing it of working only for the sake of capitalists. The Congress, he said, could alone protect the interests of the country for which the party needs ...
Read more on The Hindu

Modi promoting crony capitalism, says Pasla
"The Narendra Modi-led government has only focused to give lucrative deals to corporate and capitalist institutions through anti-people policies in the past more than one year," Pasla stated. He added that the Union government believed in crony ...
Read more on Hindustan Times

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Capitalism for cronies or public good?

Capitalism for cronies or public good?
Now, crony capitalism is a bad thing, and I've railed against it in the context of Japan. When well-connected companies are able to use the government as a tool to protect themselves from competition, it's good for those companies but bad for the ...
Read more on The Korea Herald

Crony Capitalism And The Growth Of Federal Regulation
In it, OMB pegs the cumulative costs of 116 selected major regulations during the decade at between $ 68.5 billion and $ 101.8 billion. This annual roundup is one product of the executive branch regulatory review process, by which our federal regulators ...
Read more on Forbes

Garrett: Crony Capitalism is Alive and Well at FHFA
“On the same day that the Ex-Im Bank expires, the crony capitalist empire strikes back at the FHFA. Fannie and Freddie have been bailed out by American taxpayers to the tune of $ 188 billion, yet Director Watt is handsomely rewarding the executives of ...
Read more on RealEstateRama (press release)

Melcher: The Export-Import Bank: It's not just for big corporations - Richmond.com
And David Zuckerman, vice president of ServerLIFT Corp. observed in the Phoenix Business Journal, “Ex-Im is not 'crony capitalism.' We did not curry favor with the administration to get our account with Ex-Im; we simply applied. We did so in order to ...
Read more on Richmond Times-Dispatch

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Libor scandal erupts: Another taste of crony capitalism

Libor scandal erupts: Another taste of crony capitalism
They have been up to their necks in crony capitalism. Even Lord Adair Turner, former head of the CBI, and now head of the Financial Services Authority, accused the bankers as being “socially useless”. “Foreign exchange carry trades are, as far as I can ...
Read more on In Defense of Marxism

Ex-Im Bank Crucial to Clinton Crony Capitalism Faces Closure
Obviously, there is no shortage of crony capitalism at Ex-Im. However, a just-released addendum to the AT report highlights Ex-Im's involvement in funding many of the green-energy projects I've covered in the past few years. Recipients of Ex-Im support ...
Read more on Breitbart News