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A Capitalism for the People: Recapturing the Lost Genius of American Prosperity
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Such privileges and guarantees stoke the public anger that generated the populist backlash in the first place by confirming the sense that government and large-market players are cooperating at the expense of the taxpayers and the small investors. Then, to avoid being linked in the public mind with the companies they are trying to help, politicians
... See moreLuigi Zingales • A Capitalism for the People: Recapturing the Lost Genius of American Prosperity

This pressure will find support among many American businesses. As competition intensifies and globalizes, the importance of political connections increases, and foreign competitors are at a natural disadvantage in lobbying efforts. Already, businesses that are closer to the government have suffered less than others from foreign competition. In fac
... See moreLuigi Zingales • A Capitalism for the People: Recapturing the Lost Genius of American Prosperity
