Cronyism
The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...
Who Benefits When State Governments Award Incentives to Politically-Connected Companies?
A new study finds that a company is nearly four times more likely to receive an economic incentive in a state where the company...
Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional
Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition.
As soon as Amazon announced...
What Glue Holds Communist Capitalism Together in China? Cronyism
With a few cronyist tweaks, China’s communist leaders made capitalism safe for Party rule. But will cronyism become China’s next booming export?
The Chinese economy...
