crony capitalism

New Definitions for a New World: 'Koch Brothers Capitalism'

New Definitions for a New World: 'Koch Brothers Capitalism'
By labeling a type of capitalism, the action implies that there are other kinds of capitalism. And that means that capitalism doesn't have to be the way people like the Koch Brothers are making it. So, what is Koch Brothers Capitalism and can America survive its reign?
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New Report: Corporate Welfare Costs the Average American Family $6,000 Annually

New Report: Corporate Welfare Costs the Average American Family $6,000 Annually
With big corporations doubling their profits while having their taxes cut over the past ten years, 2.9 million American jobs have been lost and the system has been pushed to its functional boundaries. The system, Buchheit argues, is nothing more than crony capitalism and creates a government whose main function is to legalize the fleecing of the 99 percent at the behest of the elite one percent.
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'Pay-for-Delay' Earned Big Pharma $98 Billion on Just 20 Name-Brand Drugs

'Pay-for-Delay' Earned Big Pharma $98 Billion on Just 20 Name-Brand Drugs
Before the generic was released, people with high cholesterol paid as much as $205 for a 30-day prescription to Lipitor. The generic now costs them just $18 each month. The pay-for-delay tactic used by big pharmaceutical companies to keep generic drugs off the market earned them as much as $98 billion in total sales of just 20 name-brand drugs last year, according to a U.S. PIRG report.
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