Crony Capitalism Quotes

People feel they are not participating in the decision-making process. Decisions are exclusive to those at the very top. You have grown up with crony capitalism and it creates ever more resentment.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

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But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.

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.

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.

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.

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.

The kind of capitalism I hate most is crony capitalism, the friends who decide. These are things which should be killed in Russia.

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.

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.

Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity.

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.

We do not have free market capitalism in America; we have crony capitalism. There is a huge difference between free market capitalism that democratizes a country and makes us more efficient and prosperous and corporate crony capitalism.