IPFS News Link • Crony Capitalism
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IPFS News Link • Crony Capitalism
The Obama administration is notorious for crony capitalism, through
which big businesses reap huge riches by virtue of their cozy
association with government. Big oil, big car companies, big
agrobusinesses, big banks, and big drug corporations are among the
legally privileged cronies who are profiting at the expense of
nonprivileged competitors and of customers who pay higher prices.
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