Chapter FiveDid Corporate Power Destroy the Working American Economy?
Crony capitalism is usually thought of as a system in which those close to the political authorities who make and enforce policies receive favors that have large economic value….
[In such a system] the intermingling of economic and political elites means that it is extremely difficult to break the implicit contract between government and the privileged asset holders.
—Stephen Haber, “The Political Economyof Crony Capitalism”1
Since the Citizens United decision in 2010, hundreds of business leaders have condemned the decision and have joined the work for a constitutional amendment to overturn expanded corporate rights. These include entrepreneurs such as Yvon Chouinard, founder ...