Sunday, December 18, 2011

Chart of the Day: More Crony Capitalism

More diagrams showing revolving door crony capitalism in the US (hat tip: Bob Wenzel) Part 1 here.

image

image


Update:

I'd like to add (or forgot to say earlier) that I hope to see the revolving door relationship between the US Federal Reserve and Wall Street. The previous chart exhibited relationship between the US Federal government and Goldman Sachs.

Also, I hope that Filipinos will get the idea and try to establish the same revolving door crony relationship with today's big firms and the incumbent (or past) government.

Finally, all these goes to show how governments have been "captured" by special interests groups and how public choice theory have been very relevant in today's political environment.


No comments: