Crony Capitalism in America: 2008-2012

We see it everywhere:
• shady zoning regulations in a small town;
• taxpayer money diverted into political campaigns;
• deals that enrich the few at the expense of the many;
• billion-dollar bailouts;
• trillions of newly printed dollars flowing from government to Wall Street at giveaway interest rates;
• brand-name economists hired to defend the indefensible with a smokescreen of economic theory.

When private interests need a political favor, they know whom to call. When politicians need money, ...