Tag Archives: crony capitalism

I am often amused by the progressive bias [in favour of] smaller [investment banking] firms [and against] megabanks. It was the good old boys at the smaller firms that JP Morgan and other banks used to gain access to local … Continue reading

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There was a time, not that long ago, when Americans were obsessed with Japan. [Y]ou couldn’t enter an airport bookstore without encountering rows of dust jackets featuring rising suns and samurai warriors. Members of Japanese keiretsu…typically owned substantial quantities of … Continue reading

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