“State capitalism is not our goal,” Vladimir Putin said in his first big speech on the economy since his return to the Kremlin, managing to leave investors at Russia’s premier business forum little wiser as to how serious he is about selling state assets. Privatisation has come to the fore as Russia’s most divisive policy…
Tag Archive for Monopolies
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Crony Capitalism and the Expansive Central State
by Charles Hugh Smith • • 0 Comments
Crony Capitalism flourishes in an economy dominated and controlled by a Central State.
Crony capitalism arises when an expansive Central State dominates the economy.The Central State can then protect crony-capitalist perquisites, cartels, quasi-mo…
Bears Chat, Best of the Forums
The Bankruptcy of Corporate America
by Bears Chat at The Wall Street Examiner • • 0 Comments
Corporate America is profoundly bankrupt. Not in a financial sense, of course; the Federal Reserve’s slow destruction of the U.S. dollar has boosted corporate profits most handsomely as the majority of their earnings and profits are obtained overse…
