Crony Capitalism in America : 2008-2012
by
Hunter Lewis
Book Details
Format
Hardback or Cased Book
ISBN-10
0988726726
ISBN-13
9780988726727
Publisher
Axios Press
Imprint
AC2 Books
Country of Manufacture
US
Country of Publication
GB
Publication Date
Sep 6th, 2013
Print length
399 Pages
Weight
528 grams
Dimensions
21.00 x 14.30 x 2.70 cms
Product Classification:
Economics
Ksh 2,700.00
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We see it everywhere: shady deals between politicians, regulators, and powerful private interests. Increasingly this is how our economy is run. This title tells us in clear and simple terms what is wrong and what needs to be done about it.
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.
When private interests need a political favor, they know whom to call. When politicians need money, they also know whom to call. The people involved try to keep most of it concealed behind closed doors.
This is the system that prevails in Russia after the fall of Communism. But increasingly it is America''s system as well.
Many people regard Wall Street as the epicenter of American capitalism. In reality it is the epicenter of American crony capitalism. Where Wall Street stops and Washington begins is impossible to say. This situation was not caused, as many suppose, by the Crash of 2008. Rather the Crash was caused by the longstanding Wall Street–Washington partnership. But the problem extends far beyond Wall Street to every corner of America.
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.
Although full of hair-raising stories, this book is also about solutions. It tells us in clear and simple terms what is wrong and what needs to be done about it.
• 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.
When private interests need a political favor, they know whom to call. When politicians need money, they also know whom to call. The people involved try to keep most of it concealed behind closed doors.
This is the system that prevails in Russia after the fall of Communism. But increasingly it is America''s system as well.
Many people regard Wall Street as the epicenter of American capitalism. In reality it is the epicenter of American crony capitalism. Where Wall Street stops and Washington begins is impossible to say. This situation was not caused, as many suppose, by the Crash of 2008. Rather the Crash was caused by the longstanding Wall Street–Washington partnership. But the problem extends far beyond Wall Street to every corner of America.
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.
Although full of hair-raising stories, this book is also about solutions. It tells us in clear and simple terms what is wrong and what needs to be done about it.
Get Crony Capitalism in America by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Axios Press and it has pages.
