Posts Tagged ‘political capitalism’

Government Subsidies to Businesses: Where Does the Money Go?

Monday, December 3rd, 2012

Local governments give out $80.4 billion total to fund 1,874 business incentive programs (subsidies, tax relief, loan guarantees, and more). Where does the money go?

Explore the data with an interactive chart at The New York Times.

A Game of Food Trucks

Friday, November 30th, 2012

Should the city of Chicago be in the business of protecting a few politically connected restaurateurs from competition? The video below explores the ethics of the “200 foot rule” in a fun, creative way:

Enron: Free Market Capitalism or Political Capitalism?

Tuesday, September 4th, 2012

Kaizen interviewee Robert Bradley, Jr. worked at Enron for 16 years. As director of public policy analysis for his last seven years there, he wrote speeches for the late Ken Lay, Enron’s CEO, who was convicted in 2005 of fraud and conspiracy. In a new article for the Library of Economics and Liberty, Bradley digs deep into the history of Enron to explore whether the company truly was an example of free market capitalism gone wrong or an example of a company using primarily political means to get ahead.

Read the article here.

Interview with Robert Bradley, Jr.

Friday, September 24th, 2010

Robert Bradley worked at Enron for 16 years. As director of public policy analysis for his last seven years there, he wrote speeches for the late Ken Lay, Enron’s CEO, who was convicted in 2005 of fraud and conspiracy. Dr. Bradley is also founder and CEO of the Institute for Energy Research of Houston, Texas, and Washington, D.C. He frequently writes and lectures on energy, political economy, and corporate governance. He is currently completing his seventh book, Edison to Enron: Energy Markets and Political Strategies, the second volume of a trilogy on political capitalism inspired by the rise and fall of Enron. We met with Dr. Bradley in Houston to explore his thoughts on Enron, political capitalism, and the future of energy.

Kaizen: Why does the Enron case matter?

Bradley: Enron’s fall was front-page news in the United States and around the world. It was such a surprise that the company everyone thought was the best—the most innovative, most socially progressive, and so on—was revealed to be the very worst. Virtually everyone got fooled by the reversal, so it had tremendous mystery and appeal.

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