▶ 09 06 14 - Macro Analytics - Why Crony Capitalism is Happening w/ Charles Hugh Smith - YouTube

Posted by UncommonSense 9 years, 7 months ago to Economics
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This is highly educational, especially for those who are wondering why we are witnessing the economic BS despite all the spending by the guhbermeant.

Be sure to check out the slides, especially the slide beginning at 1:17. Can you see where we are currently at? Scary. For anyone who wanted to know what it was like to live in the 1930's...I believe this is what it was like.

SOURCE URL: http://www.youtube.com/watch?v=pUx2SYDgwGk&list=UUxOQ_BQWMLnw6qMsNJlTflQ


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  • Posted by freedomforall 9 years, 7 months ago
    Smith's comments on big corporations avoiding risk is so true. As a result new technologies are stunted and innovation is suppressed. Nothing new is good for big business unless they own it. Asia will eat the US for lunch because there are few rewards for innovators in the US. Instead the brightest people are pushing papers around or playing financial tricks in a zero sum game.
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