Showing posts with label Luigi Zingales. Show all posts
Showing posts with label Luigi Zingales. Show all posts

Tuesday, August 28, 2012

Luigi Zingales Fingers George Bush As A Crony Capitalist

There's a great interview with Luigi Zingales in The Economist here:


Companies with a lot of money abroad sponsored a bill in 2004/5 that allowed them to repatriate their profits at a low tax rate. Thus $1 produced $220 of tax savings. The Bush-approved drug and Medicare act was a huge bonanza for the drug industry. Their market value increased by several billion dollars when this was announced. I could continue.

Sunday, July 15, 2012

Luigi Zingales: Democrat Crony Capitalism Fosters Liberal Agenda

Luigi Zingales, quoted here:

“Democrats have promoted crony capitalism to foster their liberal agenda. They are pro-business -- at least certain businesses -- but fundamentally anti-market. This is exactly the opposite of what most Americans want. .  .  . A pro-market, but not pro-big-business, platform would be a winner for Republicans.”

The more efficient locution is "Democrats promote liberal fascism".