Changes

Jump to navigation Jump to search

Crony capitalism (view source)

Revision as of 20:55, November 27, 2019

490 bytes added ,  20:55, November 27, 2019
One of the poorest and most crime-ridden cities in the United States, St. Louis, Missouri, is in heavy debt due to building a stadium for the billionaire owner of the Los Angeles Rams, who subsequently moved the team away.
Line 2: Line 2:     
Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.
 
Crony capitalism also can work to the disadvantage of workers and consumers, for example when coal-burning electric plants import cheaper coal because of lower foreign labor costs, American coal miners are laid off due to [[EPA]] regulations, and consumers see no reduction in electric rates.
 +
 +
Examples of crony capitalism include the heavily taxpayer-subsided [[NFL]], when enriches its billionaire owners, and [[Michael Bloomberg]]'s vast fortune from selling overpriced [[stock market]] video terminals to [[Wall Street]] investment banks.  One of the poorest and most crime-ridden cities in the [[United States]], [[St. Louis]], [[Missouri]], is in heavy debt due to building a stadium for the billionaire owner of the [[Los Angeles]] Rams, who subsequently moved the team away.
    
Crony capitalism is fully compatible with [[socialism]].<ref>Philipp, Joshua (August 7, 2019). [https://www.theepochtimes.com/the-corrupt-romance-between-big-business-and-socialism_2977800.html The Corrupt Romance Between Big Business and Socialism]. ''The Epoch Times''. Retrieved August 7, 2019.</ref>
 
Crony capitalism is fully compatible with [[socialism]].<ref>Philipp, Joshua (August 7, 2019). [https://www.theepochtimes.com/the-corrupt-romance-between-big-business-and-socialism_2977800.html The Corrupt Romance Between Big Business and Socialism]. ''The Epoch Times''. Retrieved August 7, 2019.</ref>
Aschlafly
Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
126,500

edits

Retrieved from "https://www.conservapedia.com/Special:MobileDiff/1599870"

Navigation menu