Modern Cronies

Modern Cronies
Author: Kenneth H. Wheeler
Publisher:
Total Pages: 196
Release: 2021
Genre: Gold mines and mining
ISBN: 9780820357508

Ararat -- A Railroad and Rowland Springs -- Iron -- The Education of Joseph E. Brown -- The Republic of Georgia -- Destruction -- Anew.

Modern Cronies

Modern Cronies
Author: Kenneth H. Wheeler
Publisher: University of Georgia Press
Total Pages: 196
Release: 2021-05-01
Genre: History
ISBN: 0820357510

Modern Cronies traces how various industrialists, thrown together by the effects of the southern gold rush, shaped the development of the southeastern United States. Existing historical scholarship treats the gold rush as a self-contained blip that—aside from the horrors of Cherokee Removal (admittedly no small thing) and a supply of miners to California in 1849—had no other widespread effects. In fact, the southern gold rush was a significant force in regional and national history. The pressure brought by the gold rush for Cherokee Removal opened the path of the Western & Atlantic Railroad, the catalyst for the development of both Atlanta and Chattanooga, Tennessee. Iron makers, attracted by the gold rush, built the most elaborate iron-making operations in the Deep South near this railroad, in Georgia’s Etowah Valley; some of these iron makers became the industrial talent in the fledgling postbellum city of Birmingham, Alabama. This book explicates the networks of associations and interconnections across these varied industries in a way that newly interprets the development of the southeastern United States. Modern Cronies also reconsiders the meaning of Joseph E. Brown, Georgia’s influential Civil War governor, political heavyweight, and wealthy industrialist. Brown was nurtured in the Etowah Valley by people who celebrated mining, industrialization, banking, land speculation, and railroading as a path to a prosperous future. Kenneth H. Wheeler explains Brown’s familial, religious, and social ties to these people; clarifies the origins of Brown’s interest in convict labor; and illustrates how he used knowledge and connections acquired in the gold rush to enrich himself. After the Civil War Brown, aided by his sons, dominated and modeled a vigorous crony capitalism with far-reaching implications.

Crony Capitalism in the Middle East

Crony Capitalism in the Middle East
Author: Ishac Diwan
Publisher: Oxford University Press
Total Pages: 399
Release: 2019-05-23
Genre: Political Science
ISBN: 0192559931

The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, diverted against both rulers and their allied businessmen who monopolize all economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of liberalization, little is discussed about the nature of business cronies, the sectors in which they operate, the mechanisms used to favour them, and the possible impact of such crony relations on the region's development. Combining inputs from leading scholars in the field, Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring presents a wealth of empirical evidence on the form and function of this aspect of the region. Crony Capitalism in the Middle East is unique in both its empirical focus and comparative scale. Analysis in individual chapters is empirically grounded and based on fine-grained data on the business activities of politically connected actors furnishing, for the first time, information on the presence, numerical strength, and activities of politically connected entrepreneurs. It also substantially enhances our understanding of the mechanisms used to privilege connected businesses, and their possible impact on undermining the growth of firms in the region. It offers a major advance on our prior knowledge of Middle Eastern political economy, and constitutes a distinct contribution to the global literature on crony capitalism and the politics of development. The book will be an essential resource for students, researchers, and policymakers alike.

Russia's Crony Capitalism

Russia's Crony Capitalism
Author: Anders Aslund
Publisher: Yale University Press
Total Pages: 336
Release: 2019-05-23
Genre: History
ISBN: 030024486X

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Crony Capitalism in the Middle East

Crony Capitalism in the Middle East
Author: Ishac Diwan
Publisher:
Total Pages: 463
Release: 2019
Genre: Business & Economics
ISBN: 019879987X

This volume provides new perspectives on crony capitalism in the Middle East. It draws on rich empirical information on the activities of political connected firms in the economy and their impact on private sector development in the region.

Crony Capitalism in US Health Care

Crony Capitalism in US Health Care
Author: Naresh Khatri
Publisher: Routledge
Total Pages: 165
Release: 2021-07-13
Genre: Business & Economics
ISBN: 1000433684

The US political system has come to depend upon money too much. The US health care industry spends the most on political lobbying among all the 13 industrial sectors in the US economy. The government regulatory agencies at both federal and state levels have been "captured" by the health industry interest groups meaning that the regulatory agencies respond to the interests of the industry but not those of citizens. This book employs a broad theoretical framework of crony capitalism to understand US health care system dysfunction. This framework has not been applied before in any serious manner to understand the shortcomings in the US health care system. Specifically, the book examines the role of seven key players using this framework - politicians/interest groups, pharmaceutical companies, private health insurers, hospitals/hospital networks, physicians, medical device manufacturers, and the American public. Crony capitalism is a destructive force and is rampant in US health care system, causing much waste, inefficiencies, and malaise in the system. Current efforts and initiatives, such as patient-centered medical homes and precision medicine, for improving/reforming the system are of mere academic interest and tantamount to taking aspirin to treat cancer. They do not even pretend to address the root cause of the problem, namely, crony capitalism. Offering prescriptions to fix the U.S. health care system based on a comprehensive diagnosis of the dysfunction, this book will be of interest to researchers, academics, policymakers, and students in the fields of health care management, public and non-profit management, health policy, administration, and economics, and political science.

Political Consequences of Crony Capitalism Inside Russia

Political Consequences of Crony Capitalism Inside Russia
Author: Gulnaz Sharafutdinova
Publisher:
Total Pages: 300
Release: 2010
Genre: Business & Economics
ISBN:

"Gulnaz Sharafutdinova explores the development of crony capitalism in Russia, based on the contrasting cases of Tatarstan and Nizhnii Novgorod. She argues that the corruption which accompanied the market transition seeped over into electoral politics, and was a major factor in undermining popular support for democratic institutions. This finding is a challenge to transition theory, which posits that democracy and capitalism work hand in hand.-Peter Rutland, Wesleyan University --Book Jacket.

Crony Capitalism and Economic Growth in Latin America

Crony Capitalism and Economic Growth in Latin America
Author: Stephen Haber
Publisher: Hoover Institution Press
Total Pages: 173
Release: 2013-11-01
Genre: Business & Economics
ISBN: 0817999663

Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

China’s Crony Capitalism

China’s Crony Capitalism
Author: Minxin Pei
Publisher: Harvard University Press
Total Pages: 376
Release: 2016-10-03
Genre: Business & Economics
ISBN: 0674737296

China’s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.