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Crony Capitalism Quotes

Browse 21 quotes about Crony Capitalism.

Crony Capitalism Quotes

“This longstanding bipartisan revolving door between government and business reflects the inconvenient realities of life in a capitalistic democratic republic. On the one hand, when work- ing well, this revolving door allows businesses and government to draw on talented, ethical individuals from the private and public sectors to serve the interests of both shareholders and citizens. On the other hand, this revolving door can lead to corrosive cronyism and corruption that eats away at the integrity of both business and government as narrow interests are served, to the detriment of shareholders and citizens.”

InfluenceCorruptionLobbyingSpecial Interest GroupsCronyismCrony CapitalismRevolving DoorSpecial Interest
Book:The Capitalist and the Activist: Corporate Social Activism and the New Business of Change
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“...some student asked if he [Larry Summers] didn’t have essentially the same relationship with Bob Rubin. Wasn’t Summer’s opposition to capital controls just a sop to Wall Street banks, which wanted to recoup their risky investments regardless of how doing so affected the country in which they had invested? “Summers just lost it,” said one audience member, a business school student. “he looked at the person and said, “you don’t know what you’re talking about and how dare you ask this question of the president of Harvard?”

ArgumentArroganceHypocrisyNeoliberalismDeregulationCrony CapitalismEconomistsChutzpahClinton AdministrationRevolving DoorClinton Patronage MachineHarvard PresidentsLarry SummersParrhesiaUs Treasury Department
Book:Harvard Rules: Lawrence Summers and the Battle for the World's Most Powerful University – Sex, Ambition, and Elite Power at America's Institution
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“Yet, though all the changes we are observing tend in the direction of a comprehensive central direction of economic activity, the universal struggle against competition promises to produce in the first instance something in many respects even worse, a state of affairs which can satisfy neither planners nor liberals: a sort of syndicalist or "corporative" organization of industry, in which competition is more or less suppressed but planning is left in the hands of the independent monopolies of the separate industries. This is the inevitable first result of a situation in which the people are united in their hostility to competition but agree on little else. By destroying competition in industry after industry, this policy puts the consumer at the mercy of the joint monopolist action of capitalists and workers in the best organized industries.”

CompetitionCorporatismCrony CapitalismMonopoliesMonopoly Capitalism
Book:The Road to Serfdom
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“As long as government has the power to regulate business, business will control government by funding the candidate that legislates in their favor. A free-market thwarts lobbying by taking the power that corporations seek away from government! The only sure way to prevent the rich from buying unfair government influence is to stop allowing government to use physical force against peaceful people. Whenever government is allowed to favor one group over another, the rich will always win, since they can "buy" more favors, overtly or covertly, than the poor.”

PoliticsPeaceFreedomLibertySocietyEconomicsProsperityLibertarianIndividualismCoercionCollectivismStatismVoluntaryismIndividual RightsLaissez FaireNon Aggression PrincipleAncapFree MarketsRegulationsCrony Capitalism
Author:Mary J. Ruwart
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“Wikipedia: Crony Capitalism Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class. This is often achieved by using state power rather than competition in managing permits, government grants, tax breaks, or other forms of state intervention over resources where the state exercises monopolist control over public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, with transactions taking the form of trading. Crony capitalism spills over into the government, the politics, and the media,[3] when this nexus distorts the economy and affects society to an extent it corrupts public-serving economic, political, and social ideals.”

Crony Capitalism
Author:Wikipedia Contributors
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“We [the Republicans] help the middle class when we unburden them from the very policies that Hillary Clinton would double down on. She champions Big Government, which we know enables crony capitalism and exacerbates inequality. If you are wealthy, powerful and well-connected, you can handle Big Government.”

IfsKnowsWellsHelpingBigsGovernmentPowerfulClassMiddlePolicyRepublicanCapitalismClintonConnectedHandleInequalityChampionMiddle ClassWealthyBig GovernmentCroniesCrony Capitalism
Author:Carly Fiorina
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“Punishing enemies and rewarding friends - politics Chicago style - seems to be the unifying principle that helps explain the Obamacare waivers, the NLRB action against Boeing and IRS's gift tax assault on 501(c)(4) donors. They look like examples of crony capitalism, bailout favoritism and gangster government. One thing they don't look like is the rule of law.”

LooksHelpingSeemsGovernmentActionLawEnemyPrinciplesOne ThingStyleExampleTaxesCapitalismChicagoAssaultRule Of LawObamacareGangstersIrsDonorsUnifyingBoeingBailoutsFavoritismCroniesCrony CapitalismWaiver
Author:Michael Barone
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“Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism.”

PeopleFormEconomyEconomicDevelopmentHealthyCapitalismFairsCompetitionWealthyColonialismEconomic DevelopmentMarket EconomyBurmaCroniesCrony Capitalism
Author:Aung San Suu Kyi
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“I've lived long enough to see the triumph of zealots and absolutists, to watch money swallow politics, to witness the rise of the corporate state. See the party of working and poor people become a sycophant of crony capitalism. Watch the union of church and state become fashionable again. Witness the coupling of news and entertainment. See everyday people cast overboard as the pirates and predators of Wall Street seized the ship of state. I didn't drift; I moved left just by standing still.”

PeopleLongStillsStatesEnoughLeftChurchPoorPartyWatchesStreetsWallNewsCapitalismStandingMovedUnionsEverydayCastsEntertainmentShipsWitnessTriumphCorporatePoor PeopleChurch And StateFashionablePiratePredatorOverboardStanding StillZealotCroniesCouplingSycophantsCrony Capitalism
Author:Bill Moyers
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“Frankly, the conservatives need to be better conservatives. Real conservatives actually respect our Constitution and would stand up to an authoritarian. Real conservatives believe in clean, limited government and would stand up to anybody who is basically setting up a kleptocracy, nepotism, and crony capitalism. And real conservatives are actually strong for America and not weak for Russia.”

NeedsBelieveRealGovernmentAmericaStrongCapitalismWeakConstitutionCleanRussiaSettingSettingsLimited GovernmentNepotismCroniesCrony Capitalism
Author:Van Jones
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“We often confuse or loosely use the ideas of crony capitalism or neoliberalism to actually avoid using the word "capitalism", but once you've actually seen, let's say, what's happening in India and the United States - that this model of US economics packaged in a carton that says "democracy" is being forced on countries all over the world, militarily if necessary, has in the United States itself resulted in 400 of the richest people owning wealth equivalent [to that] of half of the population.”

PeopleIfsWorldIdeasCountryStatesUseWealthUnitedHalfUnited StatesDemocracyModelsHappeningsCapitalismEconomicsIndiaPopulationNeoliberalismCroniesCrony Capitalism
Author:Arundhati Roy
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“Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.”

HelpingIndividualGrowthEconomySuccessfulIndustryCapitalismEconomicsWinnerCorporateWelfareLoserSmall BusinessEntrepreneurialWinner And LoserCroniesCronyismCrony Capitalism
Author:Paul Ryan
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