***UPDATED BELOW***
Crony capitalism is a term that describes an economic system where people with good connections to the center of power - the "cronies" of the government - manage to place themselves in positions of undue influence over economic policy, thus deriving great personal gains.
I think that sometimes, when people think of capitalism, they think of the definition above. A shame, but I fear of late, it happens way too often, and we as a people should be so much ... Read More
Posted By Xerraire On Thursday, September 29th 2011 In News Items | Tags: Argonaut Private Equity, brother in law, crescent dunes project, crony capitalism, load, nancy, pelosi, perks, ronald, solar reserve, Solyndra |
***UPDATED BELOW***
Crony capitalism is a term that describes an economic system where people with good connections to the center of power - the "cronies" of the government - manage to place themselves in positions of undue influence over economic policy, thus deriving great personal gains.
I think that sometimes, when people think of capitalism, they think of the definition above. A shame, but I fear of late, it happens way too often, and we as a people should be so much ... Read More
