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Crony Capitalism

CNBC's Jim Cramer: Make Money, Don't Moralize

Timothy J. Barnett | Posted 12.23.2014 | Politics
Timothy J. Barnett

Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.

FATCA: Are Transnational Criminal Networks Influencing US Policy?

Natasha Srdoc | Posted 11.19.2014 | Business
Natasha Srdoc

There is a fundamental difference between the privacy of banking accounts and hiding beneficial ownership in order to commit crimes. The benefits of tracking organized crime, terrorism financing and tax evasion far outweigh the risks to privacy and secrecy of accounts, which is already adequately protected by rule of law nations.

Without Freedom There Is No Free Trade

CHEE Soon Juan | Posted 11.13.2014 | Politics
CHEE Soon Juan

If we are going to ensure that trade remains sustainable, then we must strive to make trade pacts beneficial for all -- from the lowliest worker to the mightiest CEO. For this to happen, free trade agreements cannot continue to ignore human rights.

Be a Passionate Voter for Justice

Ralph Nader | Posted 10.31.2014 | Politics
Ralph Nader

Unfortunately, many voters will head to the polls on November 4th and simply vote down the party line. Far too many won't spend a little time to research the various candidates' actual records beyond their party affiliation.

The Federal Reserve's Artful Compassion for Households in 'Sobering' Condition

Timothy J. Barnett | Posted 11.26.2014 | Business
Timothy J. Barnett

Glaringly absent in the Fed's policy platform is a commitment to a fair architecture for capitalism that equitably distributes the fruits of enterprise by providing incentives for ethically pricing each person's contributions to the sustainable public good.

Minimum Wage, Pandering Politicians, and Crony Capitalism

Kevin Price | Posted 11.04.2014 | Business
Kevin Price

Fundamentally, most policy makers have failed to realize that those who are impacted by laws, respond to the laws accordingly.

Left and Right Agree -- Let Ex-Im Expire

Ralph Nader | Posted 11.05.2014 | Politics
Ralph Nader

The function of Ex-Im is to subsidize businesses that export American products. The major problem with this agency comes from the fact that a big bulk of Ex-Im funds go to huge, wealthy companies, such as the Ex-Im's largest beneficiary Boeing, which in 2013 received 30 percent of its loans and guarantees.

Ryan Hurls 'Crony Capitalism' Charge

Reuters | Posted 09.29.2014 | Politics

By David Lawder WASHINGTON, July 30 (Reuters) - Republican congressman Paul Ryan on Wednesday slammed the U.S. Export-Import Bank as a...

The Export-Import Bank Debate: Tempest in the Tea Party Pot

Frank Islam | Posted 09.28.2014 | Business
Frank Islam

The charter of the Export-Import Bank (Ex-Im Bank or Bank) must be reauthorized by the end of September. Given the current heated debate it is likely that its fate will not be determined until the 11th hour.

Fun Accounting and the Export-Import Bank

Dean Baker | Posted 09.13.2014 | Business
Dean Baker

It is striking to see how the establishment types are willing to throw out all their rules and principles in order to secure re-authorization. Given their power, they will almost certainly win, but the rest of us should at least enjoy the show.

Why Uber Is Un-American

William J. Kelly | Posted 09.05.2014 | Chicago
William J. Kelly

Last month, Mayor Rahm Emanuel introduced a Chicago ordinance that magically created a new category of "transportation network provider," in order to legalize UberX's previously illegal taxi services.

In Search of Crony Capitalism

Douglas Holtz-Eakin | Posted 09.06.2014 | Politics
Douglas Holtz-Eakin

The fact that a program sends a payment to a corporation, or receives a tax payment or fee from a big business, simply cannot be prima facie evidence of crony capitalism.

Clinton Repeats '08 Mistake

Brent Budowsky | Posted 08.26.2014 | Politics
Brent Budowsky

There is a growing concern in Democratic circles, which I share, about whether the Hillary Clinton who could run in 2016 is repeating the mistake she made in 2008, when she ran as the inevitable and invincible candidate of a political establishment held in widespread public disrepute.

The Misrule of Law in Croatia

John Feffer | Posted 08.25.2014 | World
John Feffer

Natasha Srdoc, who has done stints in international banking, the think tank world, and politics, is a firm believer in free market capitalism. She doesn't think what took place in former Yugoslavia comes anywhere close to her understanding of how capitalism works.

Zach Carter

This Rising GOP Star May Undercut His Own Crusade

HuffingtonPost.com | Zach Carter | Posted 06.19.2014 | Politics

WASHINGTON -- When Rep. Jeb Hensarling walked into the Lehrman auditorium at the Heritage Foundation in late May, it was ostensibly to give a speech o...

How to Tell If Your Member of Congress Is a Crony Capitalist

Timothy Karr | Posted 08.18.2014 | Politics
Timothy Karr

First, find who his or her biggest corporate donors are. Then check his or her record on policies that may impact the bottom lines of those companies. Does she support or oppose financial-sector reform? Has he recently signed a letter or released a statement opposing EPA curbs to coal-plant emissions?

Cantor and Crony Capitalism

Jared Bernstein | Posted 08.15.2014 | Business
Jared Bernstein

One interesting issue to come out of Cantor's totally unexpected defeat is the feasibility -- or lack thereof -- of the delicate dance the majority leader tried to do: snuggle up real close to business and especially, in Cantor's case, financial markets on the one hand, and claim far right street cred on the other.

Jason Linkins

The Kronies Love Small Business And Hate Crony Capitalism, But Can They Bring People Together?

HuffingtonPost.com | Jason Linkins | Posted 01.27.2014 | Politics

Here comes the populist right! A mysterious new online entity calling itself Chimera Global Holdings is pushing a new comedy video/action figure marke...

Wendy Davis Rises, Texas Republicans Are Headed for a Fall, and the Battle of Texas Begins

Brent Budowsky | Posted 01.23.2014 | Politics
Brent Budowsky

Davis is the leader of a great and uplifting movement for change in Texas, while Greg Abbott is the tired champion of a corrupted Texas Republican Party whose leading voices divide and embarrass the Lone Star State.

Wendy Davis Poised to Change History in Texas

Brent Budowsky | Posted 11.20.2013 | Politics
Brent Budowsky

Oct. 3 will someday be viewed by Texas historians, Texas media, Texas political leaders and Texas voters as the day the future began to change in Texas, as the day the tide began to turn.

A Better Way for Clean Energy Investment

Mark Pfeifle | Posted 09.22.2013 | Politics
Mark Pfeifle

While many Americans would like to see us move toward "green energy" as a means to reduce our dependency on foreign oil and fossil fuels in general, such a move should be driven by market forces, not the strong arm of government and crony capitalism.

Adios, Mofo

Jason Stanford | Posted 09.08.2013 | Politics
Jason Stanford

Rick Perry might be moving on, but he's leaving behind a legacy as a radical free-marketeer who never governed anything he didn't want to privatize.

Wendy Davis for Texas

Brent Budowsky | Posted 08.17.2013 | Politics
Brent Budowsky

The future of Texas will not be found in voices who prefer a Texas in which Hispanics are second-class citizens when they seek to vote and women are second class citizens when they seek to live their lives as they choose and seek a good job and a fair wage.

Can President Peña Nieto Deliver the Goods?

Daniel Wagner | Posted 10.03.2014 | World
Daniel Wagner

Breaking the monopoly of Mr. Slim and reforming Pemex would be a good start, and would also serve to demonstrate that the PRI is indeed interested in moving Mexico forward. It will take every ounce of his determination and perseverance to make it a reality.

George W. Bush: A Disastrous President

Brent Budowsky | Posted 06.25.2013 | Politics
Brent Budowsky

The Bush presidency was a disastrous presidency which caused a range catastrophies including the Iraq war, the budget deficit, and the financial crash.