The practice of partiality in awarding jobs and other advantages to friends or trusted colleagues, especially in politics and between politicians and supportive organizations. For instance, this includes appointing “cronies” to positions of authority, regardless of their qualifications.
Cronyism exists when the appointer and the beneficiary such as an appointee are in social or business contact. Often, the appointer needs support in his or her own proposal, job or position of authority, and for this reason the appointer appoints individuals who will not try to weaken his or her proposals, vote against issues, or express views contrary to those of the appointer. Politically, “cronyism” is used to imply buying and selling favors, such as: votes in legislative bodies, as doing favors to organizations, giving desirable ambassadorships to exotic places, future job, campaign funds, etc.
Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism. Crony capitalism is believed to arise when business cronyism and related self-serving behavior by businesses or business people spills over into politics and government, or when self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals.
Chronological History of Events Involving Cronyism or Crony Capitalism
Howard Krein is an informal adviser to the Democratic nominee and part of a $1 million coronavirus-focused investment effort. At the same time that Joe Biden’s son-in-law, Howard Krein, has been advising Biden’s campaign on its coronavirus response, Krein’s venture capital business has been running a special initiative to invest in health care startups that offer solutions to the pandemic. In March, as Covid-19 began spreading ... Read More
Former first daughter Chelsea Clinton made $9 million while serving as a board member for the IAC/InterActiveCorp since 2011. “Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and internet investment company that has an ownership stake in 150 well-known brands, such as Vimeo, Tinder, Angie’s List and Home Advisor,” according to the Hill. The article continued: Clinton, the only child of former President Bill ... Read More
Facebook CEO Mark Zuckerberg oversaw plans to consolidate the social network’s power and control competitors by treating its users’ data as a bargaining chip, while publicly proclaiming to be protecting that data, according to about 4,000 pages of leaked company documents largely spanning 2011 to 2015 and obtained by NBC News. The documents, which include emails, webchats, presentations, spreadsheets and meeting summaries, show how Zuckerberg, along ... Read More
Two Southern California organ procurement companies owned by the Ecuadorian Isaias crime family, have agreed to pay nearly $7.8 million in a settlement of a law suit brought by Orange County District Attorney Tony Rackauckas last year that alleges the companies broke state laws regarding the trafficking of human aborted baby body parts. The companies, DV Biologics and DaVinci Biosciences have admitted guilt, and have been ... Read More
On 7 October 2016, WikiLeaks began publishing thousands of emails that it said were from Podesta's Gmail account. The first batch of emails were released less than one hour after The Washington Post published a controversial video of Donald Trump making lewd comments about women. Throughout October, WikiLeaks released installments of the Podesta emails on a daily basis. On 18 December 2016, John Podesta stated in Meet ... Read More
A request to investigate the Bill, Hillary and Chelsea Clinton Foundation on charges of “public corruption” was made in a letter by 64 House Republicans to the IRS, FBI and Federal Trade Commission (FTC) charging the foundation is “lawless.” IRS Commissioner John Koskinen referred congressional charges of corrupt Clinton Foundation “pay-to-play” activities to his tax agency’s exempt operations office for investigation. Political and corporate favors follow ... Read More
The incident began when the headquarters of the Malheur National Wildlife Refuge in eastern Oregon were seized and occupied by an armed group affiliated with a sovereign citizen movement to defend against big government bullying and injustice. The seizure occurred immediately after an earlier peaceful march in protest of the prison sentences for ranchers Dwight Hammond and his son, Steven Hammond. The Hammond's were convicted of arson for starting a backfire to prevent a larger lightning ... Read More
In spite of no polio in the Philippines since 1993 or Syria since 1999, UNICEF purchases millions of dollars in oral polio vaccines from western pharmaceutical companies for an aggressive WHO mass polio vaccination campaign targeted for 500,000 typhoon victims in the Philippines and 20 million children in Syria all under age 5. The oral polio vaccine has a well-documented history of actually causing polio and non-polio ... Read More
Hunter Biden introduced his father, then-Vice President Joe Biden, to a top executive at a Ukrainian energy firm less than a year before the elder Biden pressured government officials in Ukraine into firing a prosecutor who was investigating the company, according to emails obtained by The Post. The never-before-revealed meeting is mentioned in a message of appreciation that Vadym Pozharskyi, an adviser to the board of Burisma, allegedly ... Read More
By Carey L. Biron ActionAid releases research of U.S. investors and government policies leading to massive global land-grabs, driving big commercial agriculture and investment around the world, often at the expense of the world’s small-scale farmers – who feed 80 percent of the developing world. The U.S. public and private sectors are among the leading drivers of a global drive to snap up usable – and often ... Read More