ACC Archives

Tag: crony capitalism
Sierra Leone cancels $300 million airport deal with China

China, the Ultimate Crony Capitalist State, is engaging in a broad strategy of financial colonialism in Asia and Africa right now. However, some countries have recently reconsidered their debt deals with Xi and Company. Sierra Leon is the latest.

Tariffs Hit Those Trump Wants to Help: U.S. Factories

Tariffs are taxes. They are almost always tools of crony capitalism as we’ve said before. They tend to warp the economy generally in the effort to help specific constituencies. As such tariffs often create disruptive unintended consequences that can then...