Posts tagged Crony Capitalism

How To Fix Capitalism

Since the political campaigns, and even before them, I saw a lot of articles, tweets, comments and other media on how to fix capitalism.  It seems people are really upset with capitalism.  They blame it for income disparity and the …






The Old Ideas Are Old

Was reading the Chicago Booth Capital Ideas magazine.  They always have some interesting articles that will cause you to think.  I will get a few blog posts out of them. One that struck me was an article from 1970.  Happens …






It Costs $200B to Manage $500B In Federal Grants

It’s really easy to point out and decry waste in the government.  Virtually all governments have waste.  The Federal government is a monumental waste machine when it comes to money.  The tab is $200 Billion just to manage all the …






Mayor Bloomberg, Money and Politics

This morning I was at a Chicago Economic Club breakfast. The two panelists were Mayor Bloomberg from NYC, and Obama’s former chief of staff, Bill Daley. It was moderated by Andrea Mitchell. That’s about as middle of the road as …






Crony Capitalism

Many just say the words crony capitalism and think about how corporate lobbyists get cozy with government officials. Other ways it manifests itself is via government officials leaving their jobs and becoming lobbyists. Both Republicans and Democrats are guilty of …






The Millions Are Better Than The Monolith

Love this, (thanks Insty). Simply love what he has to say, and how he goes after the “ruling class”. If you are paying attention to some of the stuff coming out of North Korea, you know of the massive suffering …






What I Want To Be When I Grow Up

When you are a little kid in grade school, your teacher always assigns you an essay about what you want to be when you grow up. When I was a kid, I’d think astronaut, pro athlete, or something like that. …






Is This A “Buyback”? A Tax ? Or a Payoff?

Breaking news on Goldman Sachs($GS). They are “investing” $500 million nationwide in small business. Josh Brown wrote about stock buybacks today. Buybacks are inefficient uses of capital, and essentially just buy top corporate management out of their option packages. This …






The Pivot

Obama is pivoting quickly. He is doing it using the Chicago boys. Listen to what he says. The strategy is if he says it enough, people will believe him.  He has been the most partisan President in American history. Ace …






Anemic Jobs Report

Wow, jobs grew by less than estimated in April, and were really anemic in May. How can anyone be optimistic after this? Unemployment is rising again. U-6 finally dropped a little, but all the rest of the stats are pretty …






Gangsta Government

In the beginning the founding father’s created the Constitution, and then the Bill of Rights.  Being children of the Enlightenment, they deliberately created a system whereby human beings had the rights, and were protected by a system of laws, checks …