Acton Institute Powerblog Archives

Post Tagged 'Cronyism'

When cronyism meets ‘creative destruction’

Amid rapid globalization, Americans have faced new pressures when it comes to economic change, leading to abundant prosperity, as well as significant pain and disruption across communities. In search of a villain, populists and progressives routinely blame the expansion of free trade and rise of global conglomerates, arguing that entrenched and moneyed interests are now allowed to run rampant from country to country with little competition or accountability. Continue Reading...

Scandal and school, education and freedom

It’s not news that a college education costs a boatload today. But as we’ve all learned over the past week, the cost of a college education is much more – about $500,000 more over tuition, room, and board if you’re a TV celebrity like Lori Loughlin. Continue Reading...

Subsidies or tax breaks, both are cronyism

Last week, President-elect Donald Trump along with Vice President-elect Mike Pence, who is the current governor of Indiana, struck a deal with United Technologies, the parent company of Carrier, in order to save over 1,000 jobs from being sent from Indiana to Mexico.  Continue Reading...

Graft and bribery are big government’s byproducts: EU studies

The nation of Spain is prosecuting 37 people – including former officials in the ruling center-Right party – for steering government contracts to their politically connected friends. It will not help the defense that the suspects gave themselves audacious, Godfather-inspired nicknames like Don Vito and “The Little Meatball.” Continue Reading...

Washington showdown looms over Ex-Im Bank and cronyism

Sen. Lindsey Graham, Republican from South Carolina, wants to change the rules of one of the biggest crony capitalist organizations in Washington.  He wants to make it easier for the Export Import Bank to dish out large amounts of corporate welfare to companies such as Boeing, which already brings in revenues upward of $95 billion per year. Continue Reading...

Mike Rowe interviews Charles Koch on work, cronyism, and criminal justice reform

Mike Rowe was recently criticized for his new partnership with Charles Koch, CEO of Koch Industries, whose philanthropy for conservative and libertarian causes routinely garners controversy, despite its tremendous fruits. Rowe, himself an increasingly provocative figure, recently interviewed Koch on their core areas of collaboration, including work, the trades, cronyism, higher education, and criminal justice reform. Continue Reading...

The Harmful Effects of Protectionism

What is the biggest economic problem that the U.S. is currently facing? Depends who you ask.  Some social justice warriors would tell you that capitalism is ruining our economy, yet many who have studied and understand economics would argue the opposite. Continue Reading...