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Reader comment on: Charles Koch on Cronyism

Submitted by Lyle (United States), Aug 18, 2012 23:18

Business has always been conducted by cronyism. In the old days it was pay for play explicitly, the lobbyist went to the legislature and handed out cash, or got some folks a job. In reading Railroaded about the 19th century transcontinental railroads, it points out that the tycoons often referred to each other as friend.

Today at least one has to be a bit creative to give the equivalent of a bribe, including the revolving door, where as back then you just did it .

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