Crony Capitalism in America by Hunter Lewis

It tells us in clear and simple terms what is wrong and what needs to be done about it. Rather the Crash was caused by the longstanding Wall StreetWashington partnership. This situation was not caused, as many suppose, by the Crash of 2008. A Republic of Equals traces the massive income inequality observed in the United States and other rich democracies to politicized markets and avoidable gaps in. Where Wall Street stops and Washington begins is impossible to say. Although full of hair-raising stories, this book is also about solutions. In reality it is the epicenter of American crony capitalism. If we are going to do anything about our present economic problems, and also give the poor a chance at a better life, we will need to eliminate crony capitalism. But the problem extends far beyond Wall Street to every corner of America. Rather the Crash was caused by the longstanding Wall Street-Washington partnership. This situation was not caused, as many suppose, by the Crash of 2008. In reality it is the epicenter of American crony capitalism.

Many people regard Wall Street as the epicenter of American capitalism.

But increasingly it is Americas system as well. But increasingly it is America's system as well. This is the system that prevails in Russia after the fall of Communism. This is the system that prevails in Russia after the fall of Communism. The people involved try to keep most of it concealed behind closed doors. When politicians need money, they also know whom to call. When private interests need a political favor, they know whom to call. We see it everywhere: * shady zoning regulations in a small town * taxpayer money diverted into political campaigns * deals that enrich the few at the expense of the many * billion-dollar bailouts * trillions of newly printed dollars flowing from government to Wall Street at giveaway interest rates * brand-name economists hired to defend the indefensible with a smokescreen of economic theory.

Crony Capitalism in America by Hunter Lewis