Crony Capitalism
The Trump Tax
Will Donald Trump follow through on his populist campaign promises? The stock market can tell us a lot about the President-elect's economic policies.Â
President-elect Donald Trump broke...
Meet the Sugar Barons Who Used Both Sides of American Politics to Get Billions in Subsidies
Meet the Florida-based Fanjul brothers, who inject money to both political parties and dominate an industry that enjoys billions of dollar's worth of subsidies and protections.Â
Last week,...
Political Rents and Profits in Regulated Industries
A new working paper by James Bessen from Boston University finds that much of the rise in corporate profits since 2000 was caused by political...
Uncompromisingly Rajan
Most people in power choose nominees without any outside option, because such people are willing to do anything to be reappointed. Raghuram Rajan is...
The Attacks on RBI Governor Raghuram Rajan: Lessons from Stanley Fischer as a Central Banker
India and Israel show that fighting crony capitalism in countries where a small group of people has huge political and financial influence is sometimes...
RBI Governor Rajan’s Fight Against Crony Capitalism
The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.Â
In any country in the world, a...
Can a CEO in Good Conscience Not Be a Crony Capitalist?
The above question — posed by Brucest1, a reader of this blog — is extremely important and deserves a fully articulated answer. Brucest1 seems to conclude that a...
