GAI PRESIDENT PETER SCHWEIZER: US CRONY CAPITALISM STARTING TO RESEMBLE RUSSIA’S

Breitbart –

America won the Cold War against the Soviet Union. However, its economy is beginning to show features of the cronyism that has run rampant in state-run economies which have emerged since then, according to Government Accountability Institute President Peter Schweizer.

Schweizer, a leading expert on the Cold War and crony capitalism in American politics, said while America won the Cold War, America’s system of capitalism in the process got infected with a sort of tapeworm because we have “moved in the direction to become more like Russia rather than them becoming more like us.”

On Breitbart News Saturday with co-hosts Breitbart News Executive Chairman Stephen K. Bannon and Editor-in-Chief Alex Marlow, Schweizer said that after the Soviet Union came apart, the strongest network for building businesses consisted of former KGB agents because they had “all the relationships, contacts, information.”

That is why, he said, people like Putin and his colleagues were able to leverage their networks to sell off state assets to the oligarchs.

“Crony capitalism and the rise of Putin’s Russia are deeply connected,” Schweizer said. “[Connected businesses] got a firehouse sale where they were able to get their assets for pennies on the dollar.”

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2 Responses to GAI PRESIDENT PETER SCHWEIZER: US CRONY CAPITALISM STARTING TO RESEMBLE RUSSIA’S

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