◊ ”Crony capitalism is about the aggressive and proactive use of political resources, lobbying, campaign contributions, influence-peddling of one type or another to gain something from the governmental process that wouldn’t otherwise be achievable in the market. … As a result, we have neither capitalism or democracy… It is a system run by powerful, political and corporate forces.”
—DAVID STOCKMAN
President Reagan’s Budget Director
Source:
• BILL MOYERS: CRONY CAPITALISM
billmoyers.com