“Crony Capitalists” Challenged at Shareholder Meeting

Exelon Asked to Return $200 Million Grant from Obama Administration to Taxpayers; Declines. Corporate Chairman “Doesn’t See Any Link” Between $200 Million Obama Administration Grant and “Our Own Public Policy Positions” — Which Happened to Support Obama’s

Tom Borelli

Deneen Borelli

Chicago, IL/Washington, DC – Shareholder activists with the National Center for Public Policy Research challenged corporate executives with the energy giant Exelon about their firm’s participation in so-called “crony capitalism” at Exelon’s shareholder meeting this week in Chicago.

Incoming Exelon Chairman Mayo A. Shattuck

OWS and Capitalism, and the Top Three Myths About Capitalism

In the following two videos from LearnLiberty.org, economics professor Chris Coyne and Harvard’s Dr. Jeffrey Miron provide sound insights on capitalism while dispelling common misconceptions.

Image via Wikipedia

In the first video below, “Occupy Wall Street & Capitalism: A Professor’s Response”, professor Coyne draws the distinction between crony capitalism and legitimate capitalism. Crony capitalism is government favoritism fueled by handouts. Legitimate capitalism, on the other hand, uses competition to align consumer and producer interests and serves to improve everyone’s standard of living.

More Crony Capitalism from Federal Government’s Clean Energy Push

Al Gore and Obama’s Job Panel Member John Doerr Benefit from Clean Energy Loan to Fisker Automotive. Politically-Connected Gain While Taxpayers Lose, says National Center for Public Policy Research

The Fisker Karma/Image via Wikipedia

Washington, D.C.– Responding to public outrage following an ABC News report that a $529 million loan from the Energy Department was used to back an electric car company Fisker Automotive — which is creating jobs in Finland — policy experts at the National Center for Public Policy Research are calling attention to the crony capitalism surrounding clean loans and grants.

Considerations for “Occupy” Supporters

By Alan Sexton

Contrary to the deceptive propaganda proffered by secretive financial backers and organizers of “Occupy”, the legitimate domestic anti-corruption movement is not new, not a creation of, nor is it the domain of the deviously motivated manufacturers of “Occupy”.

Actually, “Occupy’s” manufacturers are attempting to co-opt and

Obama’s Jobs Panel’s Recommendations Infested by Conflicts of Interest

Obama's Council on Jobs and Competitiveness head and General Electric CEO Jeffrey Immelt

Panel Wants More Government Spending on Clean Energy that Will Benefit GE and Other Jobs Panel Board Members. Crony Capitalism is Not an Economic Plan, says National Center for Public Policy Research.

Washington, D.C. - Reacting to the recommendation by President Obama’s jobs panel, chaired by GE CEO Jeff Immelt, that additional federal funds be dedicated to clean energy development, today policy experts from the National Center for Public Policy Research are calling attention to the conflicts of interest surrounding this advice.

Solyndra: So Bankrupt, So Many Questions for the White House

Image via IER

Crony Capitalism and the Failed Green Energy Dream

Washington, D.C.—Today, the House Energy and Commerce Subcommittee on Oversight and Investigations conducted a hearing on the bankruptcy of Solyndra, the recipient of a $535 million federal loan guarantee and the poster child of President Obama’s green stimulus.

What is “Crony Capitalism”?

Image by SS&SS via Flickr

What is “crony capitalism”?

Merriam-Webster defines cronyism as: “partiality to cronies especially as evidenced in the appointment of political hangers-on to office without regard to their qualifications” Merriam-Webster defining cronies as: “a close friend especially of long standing: pal”.