Tag Archives: cronyism

Crony Capitalism Comes Home – NYTimes.com

27 Oct

…this is a chance to save capitalism from crony capitalists….in recent years, some financiers have chosen to live in a government-backed featherbed. Their platform seems to be socialism for tycoons and capitalism for the rest of us. They’re not evil at all. But when the system allows you more than your fair share, it’s human to grab. That’s what explains featherbedding by both unions and tycoons, and both are impediments to a well-functioning market economy.

via Crony Capitalism Comes Home – NYTimes.com.