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Reflecting on crony capitalism


a very important read about crony capitalism by an acquaintance; i think the co-opting of politicians by business interests is a stain on our former republic.  Finance has joined what was once an exclusive club of the military indutrial complex, which was joined by energy consortiums, exemplified by halliburton which was a combination of the 2.

Financiers have always been part of the mix, but at least in the era of JP Morgan had the decency to be reasonable in their appetites and one can point to their productive impact on industry and society. The naked greed and lack of respect for decency lately is sinful.

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