Category: crony capitalism

Woke, Crony Capitalism Takes Hold Down Under

Commentary The corporate campaign backing a change to Australia’s Constitution is the latest installment in large business bludgeoning not just customers, but everyone, over woke causes. It’s a form of crony capitalism verging on fascism. It’s bad for the country, and it is bad for the government. Large companies are primed for it by the…


‘Money Talks’: Motorsport Legend Says Business Support for The Voice Meant to Appease Government

Motorsport legend, Larry Perkins, says sporting organisers are only supporting changing Australia’s Constitution—to entrench Aboriginal interests—because it will lock in future business opportunities with the government. Perkins, who has competed in Formula One, V8 Supercars, and the 24 Hours of Le Mans, was critical of the decision by Motorsport Australia to join with 20 other…


Thomas DiLorenzo: Why Are Americans So Hip to Crony Capitalism? | The Sons of History Ep8

How come so many Americans suddenly accept crony capitalism? Thomas DiLorenzo, author and senior fellow at The Mises Institute, joins the podcast to discuss the history of crony capitalism, how Americans have typically always been against it until the recent pandemic with big pharma and the shuttering of small businesses in favor of large corporations,…


Xi Jinping’s Seven Misjudgments

Commentary All of the problems that the Chinese Communist Party (CCP) is facing today come from fundamental structural factors that can’t be resolved. This is its biggest crisis. Western countries also encounter issues, but under their democratic form of government, there are solutions. Whether it is fast or slow, deep or shallow, democracies can mitigate…


Woke Capitalism: How Did It Happen?

Commentary It’s hardly news that America’s largest business entities, traditionally regarded as allies of the political right, now openly support radically progressive politics, to the point of bullying conservative-majority states and their politicians that don’t go along. In March, South Dakota Republican Gov. Kristi Noem vetoed a bill that would have banned biological males from…


China’s ‘Richest Village’ in Financial Crisis

Huaxi Village in Jiangsu Province, which was once touted by the Chinese regime as “China’s richest village,” is in financial trouble. Experts believe the situation reveals the corruption among the elite. Huaxi Group, the company which is collectively owned by the village and its residents, and has many sub-companies and listed companies, has a debt…