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Obama Empowers Jeffrey Immelt as the Ultimate Crony Capitalist
The appointment by President Obama of Jeffrey Immelt, Chairman and CEO of General Electric, to head the new President’s Council on Jobs and Competitiveness is just another sign of the commitment of...
View ArticleSmall Investor Smacks Down Crony Capitalists for $3.3 Billion
Crony capitalism is when businesses form shady relationships with government officials to gain benefits through favoritism in areas such as contracting, government grants, tax breaks, or even legal...
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