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It tells us in clear and simple terms what is wrong and what needs to be done about it. 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. But the problem extends far beyond Wall Street to every corner of America. (1) Besides the many works that Holcombe cites, the outstanding book of Hunter Lewis, Crony Capitalism in America (2013), deserves mention in this. 2 76 See Hunter Lewis's Crony Capitalism in America for a detailed account of the incestuous backslapping relationship between government, corporations. 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.
Read 9 reviews from the world's largest community for readers. When private interests need a political favor, they know. Read 9 reviews from the world's largest community for readers. In this excerpt from the new book Crony Capitalism in America 2008-2012, Hunter Lewis exposes the incestuous relationship between government and the drug industry.
This is the system that prevailed in Russia after the fall of Communism. Crony Capitalism in America: 2008-2012 by Hunter Lewis Crony Capitalism in America book. 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.
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