Nick Sorrentino: Against Crony Capitalism
We've all heard the term crony capitalism, but what does it mean exactly? We know it involves using government to enrich certain interests, through contracts, lobbying, and rent-seeking. But, crony capitalism is far more: it is a systematic distortion of real capitalism, from local restaurants and real estate all the way up to global commodities and FOREX markets. Here to consider all the angles is our guest Nick Sorrentino, proprietor of AgainstCronyCapitalism.org.
Nick and Jeff Deist discuss how huge public companies—think defense giants like Lockheed Martin and Boeing—engage in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.