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Tag Archives: Crony-Capitalsim

LightSquared and GPS Interference

Imagine you are at the controls of a small single engine airplane. You are flying in the clouds, relying on your instruments to keep you out of trouble. All you see out your windscreen is gray. You are setting up for an instrument (ILS) approach to a small airport. You are 1000 feet above the ground. To your right is ...

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Capitalism vs. Socialism a Short History Lesson/ Behind the Occupy Wall Street Protests

The current Occupy Wall Street/ Occupy L.A, and Occupy Chicago protests all carry one main theme: Evil capitalism must be abolished so Liberals can enforce their Social Justice fraud upon the people of America. It all hinders on the underlying Marxist wealth redistribution agenda inherent in all Socialist movements throughout world history. These protests are simply a remake of centuries ...

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Crony-Capitalism Gone Wild !

Crony capitalism * is a term describing an allegedly capitalist economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth. Crony capitalism is believed to arise when political cronyism spills over into the business world; ...

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