Crony Capitalism in America: 2008-2012

Crony Capitalism in America: 2008-2012

by Hunter Lewis

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Product Details

ISBN-13: 9780988726734
Publisher: Axios Press
Publication date: 09/01/2013
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 250
File size: 2 MB

About the Author

Hunter Lewis, co-founder of global investment firm Cambridge Associates, has written seven books on economics and related subjects, including the widely acclaimed Are the Rich Necessary? (“Highly provocative and highly pleasurable—New York Times) and Where Keynes Went Wrong. He has contributed to many newspapers and periodicals including the New York Times, the Times of London, the Washington Post, and the Atlantic Monthly, as well as numerous websites such as He has served on boards and committees of fifteen leading not-for-profit organizations, including environmental, teaching, research, and cultural organizations, as well as the World Bank.

ISBNs and titles of author's previous books: Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts, 978-1-60419-044-1; Are the Rich Necessary? Great Economic Arguments and How They Reflect Our Personal Values, 978-0-9753662-0-2;A Question of Values: Six Ways We Make the Personal Choices That Shape Our Lives, 978-0-9661908-3-0

Table of Contents

Part 1 Introduction

1 Crony Capitalism around the World 3

2 Crony Capitalism in America 11

Part 2 Crony Politicians

3 Pay to Play: A Capitol Hill Primer 23

4 Political ATMs: Fannie and Freddie 35

5 Honey Pots 1: The Recovery Act ("Stimulus") 45

6 Honey Pots 2: Hurricane Sandy Relief and the "Fiscal Cliff" 57

7 Getting Rich (or Living Rich) from Public Office 63

8 The Revolving Door 73

Part 3 Crony Finance

9 "Government Sachs": Revolving Door Prodigy and Power Behind the Throne 83

1 o: "Government Electric": Wall Street Masquerading as Main Street 103

Part 4 Crony Food

11 Monsanto s Massive Experiment with Our Health 113

12 Washington's Plantation System 123

Part 5 Crony Medicine

13 Soviet-Style Healthcare Pricing 135

14 Doubling Down on Crony Medicine 151

15 Big Pharma and FDA: A Marriage Not Made in Heaven 167

16 Vaccines: A Crony Capitalist's Dream 183

Part 6 Crony Labor

17 Big Labor Rakes It in: The Auto Bail-out 195

18 Public Employee Unions: Crony Capitalism at Its Most Blatant 207

19 Public Sector Union Scandals Begin to Leak 215

20 Public Union Foes and Defenders 225

21 Not All State and Local Cronyism Involves Unions 233

Part 7 Crony Lawyers

22 Legal Predators 241

23 The Trial Lawyer Money Machine 255

Part 8 Beyond the Usual Suspects

24 Reaching Out Globally 265

Part 9 Losers

25 Charity Gets No Respect 273

26 The Poor 281

27 War on the Young 295

Part 10 Democracy and Crony Capitalism

28 Is Democracy to Blame? 305

Part 11 Solutions

29 Diagnosis 325

30 Prescription 333

Endnotes 341

Index 365

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