Friday, December 02, 2016

Donald Trump's First 100 Days (AM Edition): "Is Trump's Deal With Carrier A Form Of Crony Capitalism?"

Donald Evans, commerce secretary during George W. Bush's first term, says the deal definitely signals a change in approach between the White House and American businesses. But, he warns, dealing directly with each business as Trump did with Carrier is not likely to be a staple.

"You can't get involved in every business all across America. You have to create the environment for those businesses to do so well and that's exactly what President-elect Trump has in mind," he tells NPR's Steve Inskeep.

But Tyler Cowen, professor of economics at George Mason University who identifies as a libertarian, worries that under a Trump administration, a kind of "crony capitalism" — where companies that are good to a presidency are rewarded — will prevail.

"This to me is scary," Cowen tells Inskeep. "It indicates an environment where business decisions are now about how much you please the president. Read More

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