Welcome, Guest.
Please login or register.
What is 'Crony Capitalism'?
Rotterdam NY...the people's voice    Rotterdam's Virtual Internet Community     Chit Chat About Anything  ›  What is 'Crony Capitalism'? Moderators: Admin
Users Browsing Forum
No Members and 77 Guests

What is 'Crony Capitalism'?  This thread currently has 287 views. |
1 Pages 1 Recommend Thread
bumblethru
November 18, 2008, 9:10pm Report to Moderator
Hero Member
Posts
30,841
Reputation
78.26%
Reputation Score
+36 / -10
Time Online
412 days 18 hours 59 minutes
Crony capitalism is a pejorative term describing an allegedly capitalist economy in which success in business depends on close relationships between businessmen and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth.
Crony capitalism is believed to arise when political cronyism spills over into the business world; self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals.

http://en.wikipedia.org/wiki/Crony_capitalism


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
Logged
Private Message
Ockham
November 18, 2008, 9:17pm Report to Moderator
Guest User
It's simply not polite to take potshots at a lame duck presidency.  Besides, gas prices have dropped two bucks since it became clear that the GOP was out of the White House next term. What more do yo want?
Logged
E-mail Reply: 1 - 3
GrahamBonnet
November 19, 2008, 9:57am Report to Moderator

Hero Member
Posts
9,643
Reputation
66.67%
Reputation Score
+16 / -8
Time Online
131 days 7 hours 47 minutes
Yes, evillll (while at the same time stupid and idiotic) genius Bush gave the signal to drop the price of oil on the world wide market. Now that the savior is in, nothing will ever fluctuate like that again, he will control all, even mood swings. As a matter of fact Bush is so evillll that he waited until after the GOP got beat before he ordered the cronies to drop the price, thereby helping the Republicans in the election (wellll, OK that didn't work as he planned I guess because everyone was so enlightened by God and the clergy, and the witches of the media.)

This of course was all done while he conferred with the elders of Zion and got the OK on the protocols, plus he had help from the Trilateral Commission, too.


"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Logged
Private Message Reply: 2 - 3
senders
November 19, 2008, 10:08am Report to Moderator
Hero Member
Posts
29,348
Reputation
70.97%
Reputation Score
+22 / -9
Time Online
1574 days 2 hours 22 minutes
I bet Obama is on the list for new sidewalks too......


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

Logged Offline
Private Message Reply: 3 - 3
1 Pages 1 Recommend Thread
|


Thread Rating
There is currently no rating for this thread