Showing posts with label crony statism. Show all posts
Showing posts with label crony statism. Show all posts
June 12, 2020

The privileged subsidizing of sovereign debt that apparently shall not be named

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Sir, let us suppose that as credit risks, banks perceived Martin Wolf and me as equally risky or equally safe. We would then, for the same ...
September 18, 2019

For capitalism to refunction, first get rid of the risk weighted bank capital requirements.

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Sir, Martin Wolf quotes HL Mencken with “For every complex problem, there is an answer that is clear, simple and wrong.” “ Saving capitalis...
June 09, 2019

America, warning, industrial policy fertilizes crony statism

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Sir, Rana Foroohar argues that America has chosen “to support a debt-driven, two-speed economy rather than one that prioritises income and ...
October 28, 2018

Those who fell for the “We will make your bank systems safer with our risk weighted capital requirements” populism should not throw the first stone

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Sir, Martin Wolf reviewing three books related to the rise of populism writes “Populist forces are on the rise across the transatlantic wor...
October 17, 2018

Many “independent” central banks, like the Fed and ECB, are behaving as statism cronies

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Sir, Michael G Mimicopoulos, when commenting on your editorial “The long bull market enters its twilight period” (October 13), writes“The d...
September 25, 2018

What we have is not by a long shot economic liberalism, it is much more statism, and of the crony kind.

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Sir, Martin Wolf refers to Yascha Mounk of Harvard University arguing “that undemocratic liberalism, notably economic liberalism, largely e...

The one most worthy and in need of a “teachable moment” is the European Union itself.

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Gideon Rachman“fears that Britain is heading towards what counsellors call a “teachable moment”, otherwise known as a traumatic experience ...
September 06, 2018

Three reasons to break the bank-sovereign doom loop: Safety, market signals and fighting crony statism

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Sir, Thomas F Huertas, when commenting on Isabel Schnabel’s “How to break the bank-sovereign doom loop” of August 29 presents good reasons ...
September 05, 2018

Privatizations of public services, which could have been very good, just ended up as cozy crony statism deals.

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Sir, Hannah Roberts discussing privatizations in the Italy of 1990’s writes, “The state turned to private entrepreneurs, offering favourabl...
September 04, 2018

Myths, and truths that shall not be told, is why so little has changed since the financial crash

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Sir, Martin Wolf writes: “The financial crisis was a devastating failure of the free market… The persistent fealty to so much of the pre-cr...
August 10, 2018

Trade tariffs revenues should at least try to compensate those hurt the most.

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Sir, John Authers writes of the facts of life that give “Free trade the strange ability to convince everyone, rich or poor, that they have ...
September 20, 2017

Risk weighted capital requirements for banks expresses a venomous lack of confidence in the future

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Sir, Martin Wolf writes “the financial crises that destroyed globalisation in the 1930s and damaged it after 2008 led to poverty, insecurit...
August 29, 2017

Crony capitalism, which is really crony statism, includes many crony relations with central banks and bank regulators

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Sir, Mohamed El-Erian writes about Jackson Hole meetings 2017: “The symposium left open questions for markets that, given very profitable a...
August 21, 2017

Know the difference between ordinary private sector citizens and corporate leaders engaged in crony statism.

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Sir, Rana Foroohar writes about “a role for corporate leaders who think about more than share prices… Some are calling on the private secto...
June 01, 2017

To sell the Paris Climate Agreement as a real solution to our pied-a-terre’s environment problems, that’s a disgrace

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Sir, Pilita Clark writes: “Mr Trump has exposed the fragile nature of the Paris accord. Countries face no legal obligation to meet any emis...
May 26, 2017

Are taxes on petrol correctly used? Repatriation of what “cash”? End users/payers of infrastructure should be present

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Sir, Gillian Tett, discussing the financing of president Trump’s plan for infrastructure writes: “One sensible, overdue step would be to ra...
January 07, 2017

Our “free market capitalism” is just the frosting on a statist cake baked by bank regulators in 1988.

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Sir, Yuval Noah Harari writes: “Since 1989 elites in the west have come to believe in the “end of history” narrative, according to which li...
December 21, 2016

Martin Wolf, what do we call those who exploit elites’ intellectual laziness? Aren’t they also demagogues?

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Sir, I refer to Martin Wolf’s “ Democrats, demagogues and despots ”, December 21. If a demagogue is “a leader in a democracy who gains ...
December 14, 2016

Why is obvious crony statism referred to as crony capitalism?

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Sir, I refer to Martin Wolf’s “ Why Xi cannot succeed with his reforms ” December 14. In it, Wolf quotes the following from Minxin Pei’...
December 13, 2016

Italy would have been far from as troubled as it is, if regulators had not distorted bank credit.

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Sir, Mariana Mazzucato writes: “Increasing investment is essential to Italy’s future, as is fundamentally changing public-private relations...