Whats So Bad About Cronyism

Author : Jay Cost
Publisher : Encounter Books
ISBN 13 : 1594038724
Total Pages : 48 pages
Book Rating : 4.23/5 ( download)

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Download or read book What's So Bad About Cronyism? written by Jay Cost and published by Encounter Books. This book was released on 2015-10-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cronyism is a serious problem in the United States, but unfortunately it is still not very well understood. In this new essay, Jay Cost explains what it is, and why we should be so worried about it. By mingling private and public interests, cronyism costs us hundreds of billions of dollars per year and threatens to transform our republic into an oligarchy, where the rich dominate the middle class. Worse, modern cronyism has become embedded into the laws themselves, so politicians in Washington assume that such corruption is just the way things should be. To confront the dangers of cronyism, reformers need to think outside the box, paying special attention to how the political process functions.

Author : Stephen Haber
Publisher : Hoover Institution Press
ISBN 13 : 0817999663
Total Pages : 173 pages
Book Rating : 4.67/5 ( download)

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Download or read book Crony Capitalism and Economic Growth in Latin America written by Stephen Haber and published by Hoover Institution Press. This book was released on 2013-11-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

Author : Ishac Diwan
Publisher : Oxford University Press
ISBN 13 : 0192559923
Total Pages : 528 pages
Book Rating : 4.20/5 ( download)

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Download or read book Crony Capitalism in the Middle East written by Ishac Diwan and published by Oxford University Press. This book was released on 2019-05-23 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, diverted against both rulers and their allied businessmen who monopolize all economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of liberalization, little is discussed about the nature of business cronies, the sectors in which they operate, the mechanisms used to favour them, and the possible impact of such crony relations on the region's development. Combining inputs from leading scholars in the field, Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring presents a wealth of empirical evidence on the form and function of this aspect of the region. Crony Capitalism in the Middle East is unique in both its empirical focus and comparative scale. Analysis in individual chapters is empirically grounded and based on fine-grained data on the business activities of politically connected actors furnishing, for the first time, information on the presence, numerical strength, and activities of politically connected entrepreneurs. It also substantially enhances our understanding of the mechanisms used to privilege connected businesses, and their possible impact on undermining the growth of firms in the region. It offers a major advance on our prior knowledge of Middle Eastern political economy, and constitutes a distinct contribution to the global literature on crony capitalism and the politics of development. The book will be an essential resource for students, researchers, and policymakers alike.

Author : Luigi Zingales
Publisher : Basic Books
ISBN 13 : 0465038700
Total Pages : 337 pages
Book Rating : 4.01/5 ( download)

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Download or read book A Capitalism for the People written by Luigi Zingales and published by Basic Books. This book was released on 2014-02-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment -- paired with rampant nepotism and cronyism -- on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning -- often with great anger -- whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people -- not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.

Author : Randall G. Holcombe and Andrea M. Castillo
Publisher : Mercatus Center at George Mason University
ISBN 13 : 0989219305
Total Pages : 126 pages
Book Rating : 4.03/5 ( download)

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Download or read book Liberalism and Cronyism written by Randall G. Holcombe and Andrea M. Castillo and published by Mercatus Center at George Mason University. This book was released on 2013-04-09 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political and economic systems either allow exchange and resource allocation to take place through mutual agreement under a system of liberalism, or force them to take place under a system of cronyism in which some people have the power to direct the activities of others. This book, published by the Mercatus Center at George Mason University, seeks to clarify the differences between liberalism and cronyism by scrutinizing the actual operation of various political and economic systems. Examples include historical systems such as fascism in Germany between the world wars and socialism in the former Soviet Union, as well as contemporary systems such as majoritarianism and industrial policy. By examining how real governments have operated, this book demonstrates why—despite their diverse designs—in practice all political and economic systems are variants of either liberalism or cronyism.

Author : Peter Schweizer
Publisher : Houghton Mifflin Harcourt
ISBN 13 : 0547573146
Total Pages : 245 pages
Book Rating : 4.44/5 ( download)

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Download or read book Throw Them All Out written by Peter Schweizer and published by Houghton Mifflin Harcourt. This book was released on 2011 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Schweizer, a research fellow at the Hoover Institution at Stanford University, discusses the state of government and the depths of its political corruption.

Author : Jay Cost
Publisher : Encounter Books
ISBN 13 : 1594038686
Total Pages : 408 pages
Book Rating : 4.86/5 ( download)

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Download or read book A Republic No More written by Jay Cost and published by Encounter Books. This book was released on 2016-07-12 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the Constitutional Convention, Benjamin Franklin was asked, “Well, Doctor, what have we got—a Republic or a Monarchy?” Franklin’s response: “A Republic—if you can keep it.” This book argues: we couldn’t keep it. A true republic privileges the common interest above the special interests. To do this, our Constitution established an elaborate system of checks and balances that disperses power among the branches of government, which it places in conflict with one another. The Framers believed that this would keep grasping, covetous factions from acquiring enough power to dominate government. Instead, only the people would rule. Proper institutional design is essential to this system. Each branch must manage responsibly the powers it is granted, as well as rebuke the other branches when they go astray. This is where subsequent generations have run into trouble: we have overloaded our government with more power than it can handle. The Constitution’s checks and balances have broken down because the institutions created in 1787 cannot exercise responsibly the powers of our sprawling, immense twenty-first-century government. The result is the triumph of special interests over the common interest. James Madison called this factionalism. We know it as political corruption. Corruption today is so widespread that our government is not really a republic, but rather a special interest democracy. Everybody may participate, yes, but the contours of public policy depend not so much on the common good, as on the push-and-pull of the various interest groups encamped in Washington, DC.

Author : Tamasin Cave
Publisher : Random House
ISBN 13 : 1448138280
Total Pages : 402 pages
Book Rating : 4.89/5 ( download)

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Download or read book A Quiet Word written by Tamasin Cave and published by Random House. This book was released on 2014-03-06 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Q. What’s worth £2,000,000,000, answers to no-one and operates out of public sight? A. Britain’s influence industry The corporate takeover of democracy is no conspiracy theory – it’s happening, and it affects every aspect of our lives: the food we eat, the places we live, the temperature of our planet, how we spend our money and how our money is spent for us. And much more. A Quiet Word shows just how effectively the voice of public interest is being drowned out by the word in the ear from the professional persuaders of the lobbying industry. And if you’ve never heard about them, that’s because the most effective lobbying goes unnoticed. A Quiet Word shines the brightest of lights into one of the darkest and least-understood corners of our political culture. It is essential, urgent, authoritative reading for anyone interested in our democracy and where this country is heading. And by showing how influence is constructed, it puts power back in your hands.

Author : Anders Aslund
Publisher : Yale University Press
ISBN 13 : 030024486X
Total Pages : 336 pages
Book Rating : 4.61/5 ( download)

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Download or read book Russia's Crony Capitalism written by Anders Aslund and published by Yale University Press. This book was released on 2019-05-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Author : Eric Bolling
Publisher : Macmillan + ORM
ISBN 13 : 1250150191
Total Pages : 252 pages
Book Rating : 4.96/5 ( download)

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Download or read book The Swamp written by Eric Bolling and published by Macmillan + ORM. This book was released on 2017-06-27 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Washington D.C. was first built, it was on top of a swamp that had to be drained. Donald Trump says it's time to drain it again. In The Swamp, bestselling author and Fox News Channel host Eric Bolling presents an infuriating, amusing, revealing, and outrageous history of American politics, past and present, Republican and Democrat. From national political scandals to tempests in a teapot that blew up; bribery, blackmail, bullying, and backroom deals that contradicted public policies; cronyism that cost taxpayers hundreds upon hundreds of millions of dollars; and personal conduct that can only be described as regrettable, The Swamp is a journey downriver through the bayous and marshes of Capitol Hill and Foggy Bottom. The presidential election of 2016 was ugly, but it exposed a political, media, industry, and elite establishment that desperately wanted to elect a politician who received millions of dollars from terror-funding states over a businessman willing to tell the corrupt or incompetent, “You’re fired.” The book concludes with a series of recommendations for President Trump: practical, hard-headed, and concise ways to drain the swamp and force Washington to be more transparent, more accountable, and more effective in how it serves those who have elected its politicians and pay the bills for their decisions. Last year President Trump declared Wake Up America to be a "huge" book; Eric Bolling's second book is sure to build on that success. Entertaining and timely, The Swamp is the perfect book for today's political climate.