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Old 05-06-2016, 08:08 AM
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catswiththum catswiththum is offline
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The Economist's Crony Capitalism Index
Interesting.

http://www.economist.com/blogs/graph.../daily-chart-2
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Old 05-06-2016, 08:51 AM
MrPots MrPots is offline
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I cannot see the article, would you mind elaborating?
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Old 05-06-2016, 09:37 AM
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Neither can I unless I give them money, and I probably haven't visited them in over a month.

I can also imagine living in a world where one's path is blocked because of a PC signature.
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Last edited by nailer; 05-06-2016 at 09:41 AM.
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Old 05-06-2016, 09:53 AM
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I got to read it, lucky me. Cannot copy and paste the chart.

Quote:
POLITICAL connections have always greased the wheels of commerce. But for the past 20 years, from Malaysia to Mexico, crony capitalists—individuals who earn their riches thanks to their chumminess with government—have had a golden era. Worldwide, the worth of billionaires in crony industries soared by 385% between 2004 and 2014, to $2 trillion. The Economist's crony-capitalism index tries to measure the extent of this graft for a number of important countries.

Using data from a list of the world's billionaires and their worth published by Forbes we label each individual as crony or not based on the source of their wealth. Industries that have a lot of interaction with the state are vulnerable to crony capitalism (a full list of industries is provided in the table below). These activities are often legal but always unfair (Donald Trump, a casino and property tycoon, earns the 104th spot in our individual crony ranking). We aggregate the billionaires by their home country and express the total wealth as percentage of GDP. The results are presented above for 22 economies: the five largest rich ones, the ten biggest for which reliable data are available and a selection of other countries where cronyism is a problem.

Germany is cleanest, where just a sliver of the country’s billionaires derives their wealth from crony sectors. Russia fares worst in our index: wealth from the country’s crony sectors amounts to 18% of its GDP. Thanks to tumbling energy and commodity prices politically connected tycoons have been feeling the squeeze in recent years. Among the 22 economies in our index crony wealth has fallen by $116 billion since 2014.

But as things stand, if commodity prices rebound, crony capitalists’ wealth is sure to rise again. As our leader article argues, there are a number steps that governments can take to reduce this graft. This is not without precedent. The robber barons of America’s Gilded Age in the late 19th century gave way to the Progressive Era at the turn of the 20th century, when tough antitrust laws were passed. After years of rampant crony capitalism, emerging economies now face a similar moment. They should not waste it.
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Old 05-06-2016, 10:20 AM
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Thanks Rajoo. Now I really want to see that chart, for free though.

The MIC and their ilk are crony capitalists. The benefit is more widely spread. Focusing on the billionaires deflects from this.
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Old 05-06-2016, 10:49 AM
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Quote:
Originally Posted by nailer View Post
Thanks Rajoo. Now I really want to see that chart, for free though.

The MIC and their ilk are crony capitalists. The benefit is more widely spread. Focusing on the billionaires deflects from this.
Just in what sphere of the Federal workforce were you employed before you retired Nailer?
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Old 05-06-2016, 11:01 AM
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Just in what sphere of the Federal workforce were you employed before you retired Nailer?
Why do you ask?
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Old 05-06-2016, 11:04 AM
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Why do you ask?
Perhaps it was the DOD?
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Old 05-06-2016, 11:06 AM
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If you go to economist.com you can register free with an email and password without buying a subscription - will allow you to view 3 full articles per week.

If you have access to JSTOR or another academic database, full issues available.

Subscriptions are, IMO, inexpensive for the quality of research and excellent writing.
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Old 05-07-2016, 04:55 PM
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Tom Joad Tom Joad is offline
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Quote:
Originally Posted by catswiththum View Post
If you go to economist.com you can register free with an email and password without buying a subscription - will allow you to view 3 full articles per week.

If you have access to JSTOR or another academic database, full issues available.

Subscriptions are, IMO, inexpensive for the quality of research and excellent writing.
How many of those magazine subscriptions do you have to sell before you win a prize?

https://www.youtube.com/watch?v=-FNwhSOKoPg
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