Note: The views expressed on are not necessarily those of the Mises Institute. It tells us in clear and simple terms what is wrong and what needs to be done about it.
During the presidential campaign of 2012, an online commentator observed that President Obama had not met with his Jobs Council for six months. 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 and restore an honest economy.Īlthough full of hair-raising stories, this book is also about solutions. This is an adaptation of chapter 10 from Hunter Lewis’s book Crony Capitalism in America: 20082012, available in the Mises Store. The people involved try to keep most of it concealed behind closed doors. When politicians need money, they also know whom to call. But the problem extends far beyond Wall Street to every corner of America. Crony Capitalism in America: 2008-2012 Hunter Lewis 4.24 66 ratings9 reviews When private interests need a political favor, they know whom to call.
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. Where Wall Street stops and Washington begins is impossible to say. 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 America's system as well. This is the system that prevailed in Russia after the fall of Communism. system and the extent to which crony capitalism has infected America. The people involved try to keep most of it concealed behind closed doors. Formerly editor, writer, and social media manager for Hunter Lewis the co-founder. When private interests need a political favor, they know whom to call.
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