Will Crony Capitalism Produce Strong Growth?

By - April 22, 2009

RCP Comment Policies

How far will the Obama administration move to assert regulatory control over key sectors of the economy? Are we moving away from democratic capitalism, and toward some sort of corporatist state-directed economy? That could be the biggest stock market and economic-growth issue facing us today. Stocks plunged almost 300 points on Monday over new fears of bank nationalization. On Tuesday shares...

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