by Henry Oliner | Mar 16, 2014 | Politics
“Such access to government leaders in a crony capitalist economy is worth a lot. How much? Here is one measure. When word of Timothy Geithner’s selection to be President Obama’s treasury secretary leaked, the stocks of companies considered close to him immediately...
by Henry Oliner | Mar 4, 2014 | Economics, Politics
Daniel McCoy interviews Charles Koch for the Wichita Business Journal I think one of the biggest problems we have in the country is this rampant cronyism where all these large companies are into smash-and-grab, short-term profits, (saying) how do I get a regulation,...
by Henry Oliner | Feb 23, 2014 | Economics, Politics
“This was all the more regrettable because, in a crony capitalist system, the huge gains of the few really do come at the expense of the many. There was an irony here. Perhaps Marx had been right all along! It was just that he was describing a crony capitalist, not a...
by Henry Oliner | Feb 6, 2014 | Economics, Politics
“The chief argument voiced by Republicans in favor of keeping the full Bush tax cuts, including those in upper tax brackets, was that raising taxes on the “rich” would actually raise taxes on small businesses. This was correct. Most small businesses are not...
by Henry Oliner | Jan 22, 2014 | Politics
“The alliances and relationships formed between public officials and private interests may at first seem counter-intuitive. A company may give more campaign money to a potentially hostile legislator than to a friendly one, in order to forestall trouble. For example,...
