▲ | openrisk 7 months ago | |||||||||||||||||||||||||||||||||||||||||||
sorry, the burden is on you to distinguish genuine business accomplishment from what others might suspect, less charitably, is excellence in crony capitalism [1],[2]. The Economist made a feeble effort to rank countries in this respect [3] but it does not even include the tech sector in the "crony-prone" sectors (eyes rolling). [1] "situation in which businesses profit from a close relationship with state power, either through an anti-competitive regulatory environment, direct government largesse, and/or corruption. Examples given for crony capitalism include obtainment of permits, government grants, tax breaks, or other undue influence from businesses over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works" etc. [2] Crony Capitalism, American Style: What Are We Talking About Here? https://www.hbs.edu/ris/Publication%20Files/15-025_c6fbbbf7-... | ||||||||||||||||||||||||||||||||||||||||||||
▲ | refurb 7 months ago | parent [-] | |||||||||||||||||||||||||||||||||||||||||||
sorry, the burden is on you to distinguish genuine business accomplishment from what others might suspect, less charitably, is excellence in crony capitalism No, actually the burden is on the person making that claim (you). | ||||||||||||||||||||||||||||||||||||||||||||
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