Conservative Politicians and Public Safety Unions

By Edward Ring
05/13/2014
As reported by investigative journalist John Hrabe, conservative gubernatorial candidate Tim Donnelly has accepted money from public safety unions in his legislative campaigns. His support from unions wasn’t a momentary lapse in judgement. As cited in Hrabe’s reports, his past candidacies have also benefited from independent expenditure campaigns funded by public sector unions. To not report...

TAGS: crony capitalism, Jim Brulte, public safety unions, public sector unions

Crony Capitalism – California Style

By Jon Coupal
03/10/2014
It’s good to be in with the “in” crowd, especially when the “in” crowd is made up of Sacramento politicians capable of doling out millions of dollars in tax credits. Those currently in with the “in” crowd include any industry or company that can somehow attach “green” to their credentials. This helps explain why the...

TAGS: crony capitalism

Not All State and Local Cronyism Involves Unions

By Hunter Lewis
03/05/2014
Editor’s Note:  We add one caveat to this excellent perspective from Hunter Lewis: If you are a crony capitalist in California, and you are lobbying the politicians for government contracts and favorable legislation – then you are also lobbying the public sector unions who control these politicians. At a minimum, most of California’s major corporations...

TAGS: crony capitalism

Crony Capitalism vs. Public Pensions

By Andrew Biggs
02/10/2014
A new union-sponsored study lowballs today’s pension costs by around two-thirds and overstates the net costs of corporate welfare. The Washington Post’s Lydia DePillis recently reported on a new union-sponsored study from Good Jobs First that claims that corporate welfare payments from state governments dwarf the costs of public employee pensions. To begin, we shouldn’t take this corporate welfare/public...

TAGS: corporate welfare, crony capitalism, unfunded pension liabilities

David Stockman: The Triumph of Crony Capitalism

By Mike Shedlock
01/23/2012
David Stockman former budget director for President Reagan, appeared on Bill Moyers and presented his message about money, Wall Street financiers, and crony capitalism. Link: David Stockman on Crony Capitalism Money dominates politics, distorting free markets and endangering democracy. “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.” Stockman...

TAGS: crony capitalism