Crony Capitalism Pays Well For Rent-Seeking Corporate Executives - Investors.com: "In the wake of the financial crisis, businesses have rushed to ensure that their interests were and continue to be heard in Washington. With more than 12,000 registered federal lobbyists seeking influence in policymaking, the reported expenditures on lobbying federal government in 2013 topped $3 billion. Remember Solyndra This is perhaps no surprise, given that programs such as the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act of 2009 (or the "stimulus") doled out more than $1 trillion in federal subsidies, grants and contracts directly to specific private businesses. It's now a common belief that business success depends partly on a company's ability to secure favors through political connections. Known as "cronyism," in this system the government — rather than consumer-driven market forces — picks the winners and losers in the marketplace." (read more at the link above)
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