Modern Cronies


Book Description

Modern Cronies traces how various industrialists, thrown together by the effects of the southern gold rush, shaped the development of the southeastern United States. Existing historical scholarship treats the gold rush as a self-contained blip that—aside from the horrors of Cherokee Removal (admittedly no small thing) and a supply of miners to California in 1849—had no other widespread effects. In fact, the southern gold rush was a significant force in regional and national history. The pressure brought by the gold rush for Cherokee Removal opened the path of the Western & Atlantic Railroad, the catalyst for the development of both Atlanta and Chattanooga, Tennessee. Iron makers, attracted by the gold rush, built the most elaborate iron-making operations in the Deep South near this railroad, in Georgia’s Etowah Valley; some of these iron makers became the industrial talent in the fledgling postbellum city of Birmingham, Alabama. This book explicates the networks of associations and interconnections across these varied industries in a way that newly interprets the development of the southeastern United States. Modern Cronies also reconsiders the meaning of Joseph E. Brown, Georgia’s influential Civil War governor, political heavyweight, and wealthy industrialist. Brown was nurtured in the Etowah Valley by people who celebrated mining, industrialization, banking, land speculation, and railroading as a path to a prosperous future. Kenneth H. Wheeler explains Brown’s familial, religious, and social ties to these people; clarifies the origins of Brown’s interest in convict labor; and illustrates how he used knowledge and connections acquired in the gold rush to enrich himself. After the Civil War Brown, aided by his sons, dominated and modeled a vigorous crony capitalism with far-reaching implications.




Modern Cronies


Book Description

Ararat -- A Railroad and Rowland Springs -- Iron -- The Education of Joseph E. Brown -- The Republic of Georgia -- Destruction -- Anew.




Two Old Cronies


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Cronies


Book Description

No other province holds more political and economic power than the Lone Star State. Two of the last three American presidents—and three of the last eight—have been Texans. Each of them got to the White House by exploiting a network of money and power that no other state can match. In Cronies, renowned investigative reporter Robert Bryce illuminates how Texas turned its vast energy resources into political power, and how a small group of Texas corporations, lawyers and politicians use that power to protect and defend their own economic interests. Through an absorbing narrative that moves from the days of the oil boom, through the rise and reign of LBJ, to today, Bryce profiles the Texans and the Texas corporations who have wielded—and continue to wield—great power in America's domestic and foreign policy, including the Bushes, James A. Baker III, Halliburton, Baker Botts, Ray Hunt, Bell Helicopter, and more. He shows how massive transfers of wealth from the rest of the country to Texas have allowed the state to prosper. Cronies demonstrates how George W. Bush is the living embodiment of Texas' crony networks, and how those networks continue to play critical roles in the 21st century. Distinguished by the same crack investigative skills and colorful storytelling that reviewers loved in Pipe Dreams, Cronies not only explains the astonishing rise of Texas; it offers a timely, provocative new way to look at American politics and our deadly entanglements in Iraq.







Crony Capitalism in the Middle East


Book Description

The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, diverted against both rulers and their allied businessmen who monopolize all economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of liberalization, little is discussed about the nature of business cronies, the sectors in which they operate, the mechanisms used to favour them, and the possible impact of such crony relations on the region's development. Combining inputs from leading scholars in the field, Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring presents a wealth of empirical evidence on the form and function of this aspect of the region. Crony Capitalism in the Middle East is unique in both its empirical focus and comparative scale. Analysis in individual chapters is empirically grounded and based on fine-grained data on the business activities of politically connected actors furnishing, for the first time, information on the presence, numerical strength, and activities of politically connected entrepreneurs. It also substantially enhances our understanding of the mechanisms used to privilege connected businesses, and their possible impact on undermining the growth of firms in the region. It offers a major advance on our prior knowledge of Middle Eastern political economy, and constitutes a distinct contribution to the global literature on crony capitalism and the politics of development. The book will be an essential resource for students, researchers, and policymakers alike.




Crony Capitalism


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Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.




Russia's Crony Capitalism


Book Description

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.




Crony Capitalism and Economic Growth in Latin America


Book Description

Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.




Crony Capitalism in India


Book Description

Crony Capitalism in India provides a comprehensive and scholarly examination of the important topic of crony capitalism, filling an important gap in the market. Bringing together experts from various backgrounds, it addresses the key underpinnings of this complex and multifarious issue. Given the emergent nature of the Indian economy, this book provides important information for decision makers in both government and business to help establish a robust institutional framework that is so desperately needed both in India and globally.