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
Details of Trump's Carrier deal (and what it could mean for other companies)
Bernie Sanders: Carrier just showed corporations how to beat Donald Trump
Trump Can’t Stop Complaining About Hillary Clinton
Shredding Iran Nuclear Deal Could Prove Harder Than Trump Thinks
Iran Considers Renewal of US Sanctions a Violation of Nuclear Deal
Bitterness Overwhelms As Trump And Clinton Campaign Staffers Face-Off At Harvard
Trump’s Scorched-Earth Win Turns Even A Boring Post-Election Seminar Nasty
Posted by Robin G. Jordan at 4:43 AM