23.11.2011 - US crony capitalism and the damage to commodity futures
A clearing Exchange that looks increasingly reluctant to honour its vow of guaranteeing safety of transactions, a political system where politicians pile on cash based on their position in their country and the first victim of all the crony capitalism that ebbs through the power corridors of the US – private wealth is disappearing into the hands of the few. Crony capitalism is a term describing a capitalist economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favouritism in the distribution of legal permits, government grants, special tax breaks, and so forth - wikipedia..............................................Full Article: Source
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