Cronyism

Where's The Outrage?

The left goes nuts when a private company is contractually obliged to use its own money to pay off a failed CEO. But when left-wing politicians collude with their public union supporters to rack up unpayable pension bills in the trillions, we get... crickets.

Paul Krugman Loses It Over Coming "Era Of Epic Corruption" In 'Trumpistan'

"I know that many people are still trying to convince themselves that the incoming administration will govern normally, despite the obviously undemocratic instincts of the new commander in chief and the questionable legitimacy of the process that brought him to power... But let’s get real. Everything we know suggests that we’re entering an era of epic corruption and contempt for the rule of law, with no restraint whatsoever..."

2016 Greatest Hits: Presenting The Most Popular Articles Of The Past Year

The eighth anniversary of Zero Hedge is just around the corner, and so, for the eighth year in a row we continue our tradition of summarizing what our readers found to be the most relevant, exciting, and actionable news of the year. We bring you the articles that you, dear reader, found to be the most interesting in the past 365 days.

Obama Blames Russia For Hacking, Slams "Domestic Propagandists" For Rise Of "Fake News"

"To the extent that our political dialogue is such that everything is under suspicion, everybody's corrupt and everybody is doing things for partisan reasons, and all of our institutions are, you know full of malevolent actors... when a foreign government introduces that same argument, with facts that are made up, voters who have been listening to that stuff for years, who have been getting that stuff every day from talk radio or other venues, they're going to believe it."

Trump's Bait And Switch?

Within the political-financial establishment, the more things change, the more, it seems, they stay the same. As Trump moves ahead with his cabinet picks, several of them already stand out in a Mellon-esque fashion for their staggering wealth, their legal entanglements, and the policies they seem ready to support that sound like eerie throwbacks to the age of Harding.

Don't Be Fooled. The Trump Rally Is Not A Sign Of Economic Health

In a genuinely free market, the profitability of firms is a good reflection of their ability to better satisfy the wants of consumers. In a world of this sort of crony capitalism, profits are de-linked from a connection with consumers and we cannot say with confidence that any given firm’s profits reflect value creation.

An "Anti-Establishment" Trump Would Pardon Edward Snowden

Trump’s legacy as president is a blank slate, it could go either way. If he wants to keep his current base of support and prove his skeptics wrong, he would be wise to pardon Edward Snowden, and dish out the first real blow to the establishment during his first days in office.

Trump Goes To The White House At 11am To Begin Transition Process

  • 11:00 am: Trump meets with Obama in the Oval Office
  • 12:30 pm: Trump and his vice president-elect, Mike Pence, will meet with House Speaker Paul Ryan for lunch.
  • 2:45 pm: Pence and Biden will hold a closed-press meeting at the White House, the vice president’s office said.