Edward Harrison — Crony capitalism and redistribution

Summary:
What Ed Harrison call "crony capitalism" is a feature of neoliberalism as government capture that favors special interests. "Crony capitalism" is an egregious example of the underlying assumption that capital formation should be favored over other factors in the interest of growth, based on the further assumption of trickle down. This results in upward distribution and growing inequality of income and wealth, which eventually leads to social dysfunctionality.Credit Writedowns Crony capitalism and redistribution Edward HarrisonalsoBe sure to follow the link in the P.S. in the post below.The one data you should follow to know if the US expansion is in good shape

Topics:
Mike Norman considers the following as important: capitalism, Crony Capitalism, distribution, Neoliberalism

This could be interesting, too:

Matias Vernengo writes Podcast with about the never ending crisis in Argentina

Matias Vernengo writes Trumponomics vs. Bidenomics: The good, the bad and the stupid

Lars Pålsson Syll writes In praise of pluralism

Matias Vernengo writes Debt cycles and the long term crisis of neoliberalism